Politician: The huge amounts of money earned by oil companies elicit the suspicion that the regulations designed to prevent collusion need to be tightened. ███ ████ ███ ████████ ██ █████ ██ ███ ███████████ ████████ ██ ███████ █████████ ███ ███ ███████████ ███████████ ████ ███ █████████ ████ ████ ███████ ██████████ ██ ████████ ███ ████ █████ ███████████ ██████████ ████ ███████████ ████ ████ ██ ████ ██ ███████ ██ ██ ████ ████████ ███ █████████ ███ ██████ ████ ████ ████ ███ ███ ██████████ ███████ ███ ███ ███ ███████ █████ ███ ███████████ ████████ ███ ██████████ ██████ ██ ███ █████████ ███ ██████ ██████████
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 companies’ profits are not the highest among all industries.
(3) So the regulations are too burdensome.
The politician’s 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 they’re not the highest among all industries. In this case, it doesn't follow that oil industry regulations are too burdensome.
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