"Of 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"
About this Quote
The intent is also tactical. In debates over gas prices, supply-chain fragility, and energy “independence,” refinery closures become a convenient prop for deregulatory agendas. DeFazio redirects blame to the boardroom: consolidation, mergers, and the cold math of return on investment. That framing turns an industry complaint into an industry confession. If closures are “economic,” then they’re the outcome of corporate strategy, not civic virtue gone rogue.
Subtext: the U.S. isn’t suffering from a shortage of petroleum so much as a shortage of incentives to maintain and modernize refining in a market that rewards buyouts, rationalization, and shareholder payouts. It’s also a reminder that refinery siting and operation are politically radioactive; companies can cite regulation publicly, but mergers are the cleaner story internally.
Context matters. Over the past decade, refiners have faced volatile demand, costly upgrades, and tightening fuel standards, while mergers have concentrated capacity and bargaining power. DeFazio, a long-serving Democrat from an energy-and-environmentally contentious region, is staking out a populist critique: don’t blame the public; follow the money.
Quote Details
| Topic | Business |
|---|---|
| Source | Help us find the source |
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Citation Formats
APA Style (7th ed.)
DeFazio, Peter. (2026, January 17). Of 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. FixQuotes. https://fixquotes.com/quotes/of-the-55-refineries-closed-in-america-in-the-65446/
Chicago Style
DeFazio, Peter. "Of 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." FixQuotes. January 17, 2026. https://fixquotes.com/quotes/of-the-55-refineries-closed-in-america-in-the-65446/.
MLA Style (9th ed.)
"Of 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." FixQuotes, 17 Jan. 2026, https://fixquotes.com/quotes/of-the-55-refineries-closed-in-america-in-the-65446/. Accessed 12 Feb. 2026.



