If you take this argument to its logical conclusion there is no point arguing about the law in the first place.
I'd prefer if drilling for oil in the gulf were illegal, not legal with regulatory oversite, for example. I don't think a pessimistic outlook on the reliability of federal oversight is unwarranted, given my (admittedly dim) view of how the process has worked in the past.
To be more constructive: I'm up for substantive suggestions for ensuring more transparent and reliable oversite than exists today.