[Sherman Logan]

Imagine how much more growth could have occurred if applications for permits for oil and gas exploration, as well as refinery construction, were approved in a more speedy manner.

Actually, it probably wouldn't have made much difference. As I understand it, essentially all available equipment and experienced personnel are working overtime.

The feds could have made additional land available for drilling, but that wouldn't have magically produced more rigs or people.

Additional federal encouragement would have been significantly effective only if rigs would otherwise have been standing idle. Let's not ourselves fall into the trap of believing that federal policies magically produce jobs.

[Sherman Logan]

Should have noted that there is a good point about refinery and pipeline expansion.

[Western Phil]

“Actually, it probably wouldn’t have made much difference. As I understand it, essentially all available equipment and experienced personnel are working overtime.”

Would not the industry respond by new rigs, etc. if there were a more favorable Federal attitude?

[thackney]

If experienced personnel spent less time involved in needless regulation and overpermitting requirements, it would help.