Would the use it or lose it bill result in HIGHER oil prices?

If the use it or lose it bill passes will oil companies pass the cost of sinking a high percentage of dry wells onto the consumer? Would the use it or lose it bill result in HIGHER oil prices?
LOL





Pelosi is a complete Nimrod.





does she not know the definition of the word '; Lease';.





They ALREADY lose it if they don't lose it. lol





Why doesn't she legislate that the Sun should rise in the east every morning.





CLAIM: Oil and natural gas companies are given leases by the government and purposely don鈥檛 produce from them to increase prices.





FACT: Companies pay billions of dollars for the right to explore on federal lands. If the company does not produce within the lease term, it must give the lease back to the government, and the company does not recover the billions of dollars it may have invested.





CLAIM: Companies should be penalized for not producing from their leases.





FACT: Oil and gas companies take all the risk with federal leases. Not only do they pay billions to obtain leases, they pay to hold them while they are spending even more capital to determine if these leases contain resources. Penalties on leaseholders on top of those fees would only discourage U.S. exploration and production, at a time when the United States needs all the energy it can get.





http://energytomorrow.org/energy/Facts_a鈥?/a>Would the use it or lose it bill result in HIGHER oil prices?
Slobendz:





If you're goin' to insult me, have the guts to do it while I'm answering the same question.





You two faced, yellow b*****d.





Not behind my back. Report Abuse

Oil companies already use their leases. some are being drilled, some explored, and those that don't contain enough oil are returned to the government. When Pelosi brought this 'use it or lose it' idea, she didn't know what she was talking about!
Why does EVERYTHING get ';passed onto the consumer?';





Can the oil companies EVER take responsibility for their own actions and stop having the government give them handouts and bailouts?