I examine the factors determinate of oil and gas lobbying. Specifically, I focus on the role of cash and oil futures in predicting lobbying expenditure. This is an interesting question as previous literature has demonstrated clear effects in the other direction, the presence of a multidirectional interaction would suggest the presence of a vicious circle toward regulatory capture. Results indicate a significant and positive relationship between oil futures contracts and present lobbying expenditure. The two metric of cash flow trend significantly but in opposite directions providing evidence for reverse causality.