ANIMAS HIGH SCHOOL MODEL SENATE

Committee: EPW Committee

Bill No:

Principal Authors:
Cory Gardner [Charlie
Malone]
Dan Sullivan [Brandon
Navratil]
Submission Date: 12/8/15

Title of Bill:
Increase the Development of Oil Drilling Act
BE IT ENACTED BY THE ANIMAS HIGH SCHOOL MODEL SENATE
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Preamble: Whereas, there are 1,109 oil drilling rigs run by the United
States, and since just 1 oil rig can maintain up to 200 jobs for
individuals, and since all oil and gas products will increase to a demand
of 105.7% by the year 2040 with growth rate of 0.3% per year, and since
the United States is 12th in line for the worlds largest oil reserve with
only 26.5 billion barrels, and since the increasing of oil and gas drilling
with intentions of meeting demand and increasing the oil reserve of the
United States will ultimately reduce its price,
SECTION 1: Give commercial oil and gas companies a tax incentives by-Sub-SECTION A: Reducing taxes by preset of oil produced up to a
hard limit of 14%.
Sub-SECTION B: Reducing taxes to oil and gas companies by up to
5% if company puts produced oil on open market.
Sub-SECTION C: Reducing taxes to oil and gas companies by up to
8% if company puts 20% of produced oil into the United States oil
reserve.
SECTION 2: Increase subsidies given to oil and gas industries by-Sub-SECTION A: Repealing the Affordable Care Act and
transferring its funding to subsidize oil and gas.
Sub-SECTION B: 30% of the Affordable Care Act money will be
given to the taxpayers and the rest will go to subsidise the oil and
gas industry.
SECTION 3: Open new, uncharted areas to drilling by--

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Sub-SECTION A: Fully open up the Atlantic and eastern Gulf areas
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to drilling, particularly offshore from Virginia.
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30 SECTION 4: This bill shall go into effect progressively over the next
decade.
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Sub-SECTION A: Reduce taxes by preset of oil produced up to a
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hard limit of 14%, reducing taxes to oil and gas companies by up
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to 5% if the company puts produced oil on open market, reducing
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taxes to oil and gas companies by up to 8% if company puts 20%
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of produced oil into the United States oil reserve, shall take effect
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on November 1, 2016.
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Sub-SECTION B: Repeal the Affordable Care Act and transferring
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its funding to subsidize oil and gas, 30% of the Affordable Care
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Act money will be given to the taxpayers and the rest will go to
subsidise the oil and gas industry shall take effect on January 1,
2017.
Sub-SECTION C: Fully open up the Atlantic and eastern Gulf areas
to drilling, particularly offshore from Virginia shall take effect on
November 1, 2020.