In crude oil trading, we have seen a 46 percent increase over 1 year in the margins there.
Peter DeFazioOf the 55 refineries closed in America in the last 10 years, they were all closed for economic reasons, mostly oil company mergers. Not a single one was closed for environmental purposes or objections.
Peter DeFazioThe crude oil market, unlike every other commodity in America, is virtually unregulated.
Peter DeFazio