Politician: The huge amounts of money earned by oil companies elicit the suspicion that the regulations designed to prevent collusion need to be tightened  But just the opposite is true  If the regulations designed to prevent collusion are not excessively burdensome, then oil companies will make profits sufficient to motivate the very risky investments associated with exploration that must be made if society is to have adequate oil supplies  But recent data show that the oil industry' s profits are not the highest among all industries
Clearly, the regulatory burden on oil companies has become excessive
fails to justify its presumption that profits sufficient to motivate very risky investments must be the highest among all industries