Finally, you know, my understanding is that the Department's 5-year OCS drilling plan does not consider the potential economic impact on a State's tourism industry, for example or its fishing industry.
Bob Menendez
The Public Record
Robert Menendez is a prominent Democratic politician currently serving as a member of the United States Senate, representing New Jersey. He was first elected to the Senate in 2006 and has since been re-elected multiple times. Menendez has played a significant role in various policy areas, including foreign relations, immigration reform, and healthcare. He has served on several Senate committees, including the Senate Foreign Relations Committee, where he has been an advocate for human rights and democracy abroad.
You often talked about the energy moon shot as one of the things that you hoped to be able to achieve. I think that is desirable.
You have got to quantify this risk. You have to tell us what is the level of the systemic risk.
Well, it seems to me that there is a real risk here that we are, by Federal money, providing AIG with the wherewithal to unfairly compete in this marketplace, and at the same time inheriting the risk of underfunding those liabilities.
I mean, how can you keep coming back and asking for monies in which you cannot quantify for us the systemic risk and the assets here?
But shouldn't we be putting AIG through the same stress test that we are talking about in terms of financial institutions?
it is just a recipe of throwing more money in a process in which we don't have a quantifiable baseline to determine where we should be going.