For decades , some have argued for deregulating industries such as the oil industry . The argument is that if you allow competition in a market then prices will go down and people can afford to buy more of what they want. He says Obama administration had largely followed Bush administration in lax regulation . Zelizer : When some U.S. policymakers were insisting on the use of a better shut-off mechanism a few years ago , the MMS , convinced by the complaints of the oil industry , rejected their proposals . Government needs to impose new rules and make sure they are enforced .
For decades , some have argued for deregulating industries such as the oil industry . The argument is that if you allow competition in a market then prices will go down and people can afford to buy more of what they want. He says Obama administration had largely followed Bush administration in lax regulation . Zelizer : Government needs to impose new rules and make sure they are enforced .