Political Quotes

“Mr. Chairman, my amendment will prohibit any money being spent for the implementation or enforcement of any rule or guidance similar to the well-controlled rule offered by the Bureau of Safety and Environmental Enforcement, or BSEE. Unfortunately, according to experts throughout the oil and gas industry, many of the prescriptive requirements contained within the final well-controlled rule will neither improve safety nor reduce environmental risk in drilling, but will actually have unintended consequences of increasing risk beyond that of existing regulations. Additionally, the final rule will create significant additional expenses and burdens for those engaged in exploration development and production activities on the Outer Continental Shelf. Ultimately, these added economic and compliance cost tens of billions of dollars over 10 years, and together with other regulatory burdens, they could force some smaller operators out of business and drive larger operators from the Federal OCS toward countries with less prescriptive regulatory environments or other opportunities. This means that the negative impacts of this destructive rule will likely be felt throughout all 50 States.…”