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— Peter DeFazio"In crude oil trading, we have seen a 46 percent increase over 1 year in the margins there."
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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
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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
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