Jon Stewart did a skit on this the other night where he showed several Republicans lambasting the passage of the offshire drilling bill. The one that allows drilling only outside the 50-mile mark.
Now when you hear these people bemoaning this “farce” of a bill, keep the following in mind:
Despite the importance of the Minerals Management Service, which manages $12 billion in contracts for oil and gas companies that drill on federal lands, “there were no rules, there was no policy, there was no guidance” for workers in a key division, Interior Inspector General Earl E. Devaney told members of the House Natural Resources Committee.
“There probably were some losses” to taxpayers, Devaney said. “But we have no idea how to estimate what they would be.”
Yes, regulation can go too far, but to think that no regulation is a good thing only underscores the mess we are currently facing.
And don’t forget the large sums of money Halliburton has stolen from us, the taxpayers.