Regulation, good and bad

Polarization of US politics distorts conversation about regulation. The oil and gas industry has witnessed too often the default assertion that one side supports regulation while the other opposes it. This is absurd. Regulation exists. It exists for good reasons and cannot reasonably be opposed. What reasonably can be opposed is poor regulation. To oppose regulation because it promises to usurp liberty, yield more cost than benefit, produce undesirable results, or fail in any of many other possible ways is not the same as opposing regulation in general. A loss of at least $2 billion on trading activities reported this month by JP Morgan Chase does not, as some are saying, discredit challe...

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