On the recordApril 5, 2011
Mr. President, I would like to take a few minutes this afternoon to perhaps switch the discussion from what my colleagues were referring to earlier in terms of the budget and speak a little bit about the issue of energy--obviously, a topic of great concern. The President has addressed it as recently as last week in a major address at Georgetown. There have been a lot of discussions about what it is we need to do to respond to the higher prices families are paying at the pump and just how we deal with the issue of energy in general. There has been much discussion about this concept of ``use it or lose it.'' I want to speak to that proposal a little bit this afternoon. It is a rather strange proposal that claims to address the rising cost of oil and gas for America's working families. The premise of this is, even with oil at more than $100 a barrel, and even though lease terms are already limited by law to 5 to 10 years, energy companies somehow are hording Federal lands and refusing to produce the resources that are beneath them. ``Use it or lose it'' has been presented by this administration and others as a way to increase our Nation's energy production. But even a cursory review will show this is fundamentally flawed in its premise. This proposal will not increase American production. It will not increase jobs or create jobs. It will not raise government revenues or bolster our security.…
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