American Oil and Gas Reporter - October 2016 - 47
As 2016 began, nearly 100 federal rule makings were pending that affected oil
and natural gas development and transportation, both onshore and off. These
ranged from well construction standards and blowout protection, to methane
emissions, wastewater management, ozone, pipeline safety and spill response. What
are your beliefs regarding the appropriate level of regulation for the oil and gas
industry? Should federal agencies be required to disclose all scientific data used
in regulatory proceedings? Do you believe federal cost/benefit analyses give ample
weight to the societal benefits of ample supplies of affordable energy?
Trump: Our nation's regulatory system is completely
broken. Terrible rules are written by unelected, unaccountable bureaucrats who often know nothing about
the people they are regulating. The regulators have
all the power. We have too many costly, burdensome,
and unwise regulations that are bad for Americans
and do little or no good.
As President, I will work with Congress to reform
our regulatory system. We will reduce the power of
government bureaucrats. We will increase transparency
and accountability in the regulatory process. Rational
cost/benefit tests will be used to ensure that any regulation is justified before it is adopted.
Under the Obama-Clinton administration, an unprecedented number of new regulations have been
issued. As president, I will direct my administration
to conduct a full review of all the Obama rules and
executive actions. I will rescind or change any that
are unjustified. This includes unlawful regulations
such as the Clean Power Plan and the waters of the
United States rule.
Clinton: The United States has a proud bipartisan
tradition of cost/benefit analysis in the regulatory
process. For example, between when the Clean Air
Act was signed into law by President Richard Nixon
in 1970 and when it was expanded by President
George H.W. Bush in 1990, common-sense pollution
protections delivered $22.5 trillion in cumulative
economic and public health benefits, with benefits
exceeding costs 42-to-1.
As President, I will build on this tradition by
making sure regulatory actions deliver net benefits to
the American people.
OCTOBER 2016 47
American Oil and Gas Reporter - October 2016
Table of Contents for the Digital Edition of American Oil and Gas Reporter - October 2016
Contents
American Oil and Gas Reporter - October 2016 - Cover1
American Oil and Gas Reporter - October 2016 - Cover2
American Oil and Gas Reporter - October 2016 - Contents
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American Oil and Gas Reporter - October 2016 - Cover3
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