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Meanwhile, a separate report showing 36 other regulations are jacking prices up from everything to appliances to cars. the cost of these things really add up. that's made $289 billion for electricity and disposable income would decrease by $586 billion. that's a lot of cash. >> it is. regulations are a tax that all americans pay in a big way and they're an obnoxious conceit that presumes those that cannot can overseed those that can. they're the equivalent of saying oxford college could beat the usc in football on a regular basis. but it's the untalented trying to oversee the talented. >> this...

Testifying before congress, getting blistering questions and comments in hearings of the house, environment and subcommittee. and i want to first give you some of the words that came from ed marquet. you can see him there. he is the chairman of the committee, and then joe barton, who is a republican member. let's listen to ed marky first. >> oil companies today amassed nearly $289 billion in profits over the last three years. they spent $39 billion to explore for new oil and gas. yet the average investment in research and development for safety accident prevention and spill response was a poul...