A Quote by Peter DeFazio

About 75 percent of the crude oil marketed here is sold off the books, and they are doing trades that would be illegal if it was a regulated market, and of course they do not want to regulate it.

Peter DeFazio

Quote Topics

About Books Course Crude Crude Oil Doing Illegal Market Off Oil Percent Regulate Sold Trades Want Would Would Be

Quote Author

Peter DeFazio
American - Politician
Born: May 27, 1947

The price of crude oil accounts for 55 percent of the price of a gallon of gasoline, driven by global supply and demand. The United States depends on foreign sources of oil for 62 percent of our nation's supply. By 2010, this is projected to jump to 75 percent.

Gary Miller

About 75% of the price of gas is really dictated by crude oil. At the heart of the issue is increasing demand over a period of many years around the world. World crude oil consumption now is close to 90 million barrels a day. Most of the growth in demand is coming from China and the developing world.

John S. Watson

Tar sands oil is the dirtiest fuel on Earth. Because producing it consumes so much energy, a gallon of tar sands crude generates 17 percent more carbon pollution than conventional crude oil.

Frances Beinecke

First off, the crude oil market, unlike every other commodity in America, is virtually unregulated.

Peter DeFazio

I think there's a growing number of pitchers who want to have a plan going into a game about how they're going to go after that lineup. I'd say 75 percent want to have an idea, and they plan their attack. I know that 75 percent of hitters do not have that same type of plan against a pitcher.

Tony La Russa

We passed law that encouraged consumption through different purchasing habits like, you know, hybrid vehicles. You buy hybrid, you get a tax credit. We've encouraged the spread of ethanol as an alternative to crude oil. We have asked for Congress to pass regulatory relief so we can build more refineries to increase the supply of gasoline, hopefully taking the pressure off of price. And so the strategy is to recognize that dependency upon crude oil, in a global market, affects us economically here at home. And, therefore, we need to diversify away as quickly as possible.

George W. Bush

The first thing I'd do [as a president] is de-regulate about 90-percent of the things that they've got regulation on, OK, including duck hunting. We're way over-regulated on everything.

Si Robertson

Brazil does not want to become an exporter of crude oil. No. We want to be a country that exports oil byproducts - more gasoline, high-quality oil - and to strengthen the petrochemical industry.

Luiz Inacio Lula da Silva

It is all about rehab. Most doctors can make you 100 percent well physically. I would tell you that it is 25 percent about the surgery and 75 percent about the rehab.

Curt Schilling

Energy companies, such as Chevron and Shell, and oil producing countries, such as Kuwait and Venezuela, pump crude oil from their vast land holdings and sell it on the world market.

Gary Miller

Energy companies, such as Chevron and Shell, and oil producing countries, such as Kuwait and Venezuela, pump crude oil from their vast land holdings and sell it on the world market

Gary Miller

About five years ago, the courses we run in the Field Trials were 52 percent timber. The hawks live in trees, and the quail nest on the ground. Since then we've trimmed back about 1,200 acres of trees to get it closer to the ideal course ratio of 25 percent trees/75 percent open ground.

Rick Carlisle

If you were to just design the perfect retirement plan, you would own the stock market or you would own the bond market. You would get all the costs or all that you possibly could out of the system. So on an annual basis, if the market went up 8 percent, you would get 7.8 or 7.9 percent.

John C. Bogle

Public-policy-wise, if you want to be consistent, crude oil is a bulk commodity, and you should be able to export it. I would rather the crude go to U.S. refineries to get refined and then export the refined product because we get double, triple the money.