Oil Industry Regulation Quotes

This Tony Haywire guy, whatever his name is, he told the BBC on Sunday that he believes the new oil cap that they've installed will eventually capture the vast majority of oil spewing from the well. You know, if they could capture half the BS spewing from Tony Hayward, people would be thrilled.

Gasoline prices are soaring through the stratosphere, and the Federal Trade Commission, which is supposed to be standing up for the consumer, ought to stop playing footsie with the oil companies and take steps to protect the American people.

I am just stupefied here. The left has officially stamped it now: Oil is a villain. Now, please ask yourselves: When did this start?

Alabama has made great progress in proving that BP, Halliburton, and Transocean are liable for the devastating effects of the oil spill.

It seems that it is only in the United States that an almost masochistic attack on the position of its own oil companies exists.

If you think Wall Street firms have it good, you haven't looked closely at Big Oil.

There is no free market for oil.

Unless government appropriately regulates oil developments and holds oil executives accountable, the public will not trust them to drill, baby, drill. And we must.

Like the vast majority of my constituents, I continue to be concerned about record profits reported by petroleum companies at a time when consumers are paying record high prices for gasoline.

When I go down in my state, I see virtually none of the independent oil producers for [President Jimmy] Carter … We’ve gotten higher drilling rig counts, more dollars being spent, more activity, more profits being made by oil people than ever before. But do they like Carter? Oh no. they hate him because of his rhetoric.

From 1859 to 1971, the U.S. oil industry grew virtually continuously, in the process serving mightily to drive our economy and win our wars. But that growth was stopped dead in 1971 and sent into decline thereafter, as the advent of the EPA and the accompanying National Environmental Policy Act made it increasingly difficult to drill.