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Case Study Oil and Gas

In: Business and Management

Submitted By jenlisa10
Words 310
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One of the biggest special-interest lobbyists groups is the Oil and Gas lobbyists. In 2009, annual lobbying for oil and gas was approximately $174 million. This year marked the highest amount ever spent on lobbying for the oil and gas industry. In 2013, annual lobbying spent was approximately $145 million. The attached chart shows the annual lobbying on oil and gas. Since 2007, the amount of money spent on lobbying for this industry has jumped drastically.
It is easy to see how special-interests groups can influence policies even when the policies are opposed by voters. Currently, there are 762 lobbyists reported for the oil and gas industry (Oil and Gas, 2014). As these groups grow, the pressure on senators and delegates also grows. The amount of money used by lobbyist groups to influence policy change is absurd. In finance, cash is king. The same seems to be true for policy influence.
Each special-interest group tries to find a way to influence policy. Some groups may be trying to improve regulations while others are trying to reduce regulations. Some groups believe fracking is the answer, while other groups are concerned with the environmental impacts. For politicians, finding a balance between lobbyist groups and their constituents is a juggling act. They must make justified decisions. Of course self-interest plays a crucial role because they want to be reelected. Large sums of money helps with campaigning. Social interest also plays a key role because in order to be reelected voters must agree with the policies enacted by their delegate or senator. Small policy changes are unusually overlooked by constituents. Over time small policy changes, create a larger policy change.

Oil and Gas. (2014, January 27). Retrieved March 30, 2014, from Open Secrets.Org Center for Responsive Politics: http://www.opensecrets.org/lobby/indusclient.php?id=E01&year=2013…...

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