Rep. Darrell Issa (R-Calif.) is chair of the House Committee on Oversight and Government Reform. In theory, the committee is meant to ensure the proper, ethical functioning of the body. In practice under Issa, it's a little more free-ranging. (We've written about Issa before.)
Today, Issa's committee is tackling an issue that strikes close to the heart of governmental malfeasance with a hearing entitled "America’s Energy Future Part I: A Review of Unnecessary and Burdensome Regulations." I mean, it's basically the next Watergate.
Here's Issa's argument for the hearing's necessity.
In the midst of the economic morass, the oil and gas industry has gained distinction for the many new jobs it has created and the affordable energy it has provided the rest of the nation. I am convinced that increased domestic energy production is one of the keys to economic recovery. In fact, energy is the lifeblood of a strong economy. ...
The cumulative effect of unnecessary federal regulations threatens to derail the American Energy Renaissance that the citizens of this state have helped to spark.
So in other words, the oil industry is booming, but regulation is killing it. Sure, got it.