Politician: The huge amounts of money earned by oil companies elicit the suspicion that the regulations designed to prevent collusion need to be tightened. βββ ββββ βββ ββββββββ ββ βββββ ββ βββ βββββββββββ ββββββββ ββ βββββββ βββββββββ βββ βββ βββββββββββ βββββββββββ ββββ βββ βββββββββ ββββ ββββ βββββββ ββββββββββ ββ ββββββββ βββ ββββ βββββ βββββββββββ ββββββββββ ββββ βββββββββββ ββββ ββββ ββ ββββ ββ βββββββ ββ ββ ββββ ββββββββ βββ βββββββββ βββ ββββββ ββββ ββββ ββββ βββ βββ ββββββββββ βββββββ βββ βββ βββ βββββββ βββββ βββ βββββββββββ ββββββββ βββ ββββββββββ ββββββ ββ βββ βββββββββ βββ ββββββ ββββββββββ
The politician concludes that oil industry regulations do not need to be tightened. She supports this with the following premises:
(1) If the regulations are not too burdensome, then oil companies will make sufficient profit to motivate risky investments.
(2) Oil companiesβ profits are not the highest among all industries.
(3) So the regulations are too burdensome.
The politicianβs argument rests on the unsupported assumption that that oil profits sufficient to motivate risky investments must also be the highest profits among all industries. She ignores the possibility that oil profits could still be sufficient to motivate risky investments, even though theyβre not the highest among all industries. In this case, it doesn't follow that oil industry regulations are too burdensome.
The reasoning in the politician's ββββββββ ββ ββββ ββββββββββ ββ βββββββββ ββ βββ βββββββ ββββ βββ ββββββββ
fails to justify βββ βββββββββββ ββββ βββββββ ββββββββββ ββ ββββββββ ββββ βββββ βββββββββββ ββββ ββ βββ βββββββ βββββ βββ ββββββββββ
attacks the character ββ βββ βββ βββββββββ ββββββ ββββ βββ βββββββββ ββ βββββ βββββββ
fails to justify βββ βββββββββββ ββββ βββ ββββββ ββββ βββ ββββββββββ ββββ ββββ ββ ββββββββ βββββββ
treats the absence ββ ββββββββ ββββ βββ βββ ββββββββ βββ βββ βββββββ βββββββ βββββ βββ ββββββββββ ββ βββββ ββββ βββ βββ ββββββββ ββββ βββ ββββ βββ βββββββ βββββββ βββββ βββ ββββββββββ
illicitly draws a βββββββ ββββββββββ ββββ β ββββββββ βββββββ ββββ βββββ ββ ββββββ ββ βββββ ββ ββββββββ