I wonder if I might ask Senator Hollings a question. I was listening to the remarks about telecommunications, and I was very impressed. Am I to understand that we have a regulated, governmentally-owned company that wants to buy into a deregulated market which we have created?
Questioning the implications of government-owned companies entering deregulated markets during a discussion on telecommunications.
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More from Pete Domenici
That did not reduce any beneficiaries' benefits, it just cut the amounts that providers were otherwise getting.
I think you raise a good point. We have to be careful about the issue you raised. It is a serious one.
It is clear from this example that good things can happen when we open up more areas for drilling in a responsible manner.