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Energy prices being so high. he blames vladimir putin for that. take a look at this. 41% of americans blake economic white house policy. that's what they think is the problem with the higher gas prices. peter doocy reporting live from the north lawn for us. >> the president is proposing a use it or lose it plan that would punish oil companies for not drilling on existing oil and gas leases that they have. that is problematic. some of these producers are saying not every lease that they have control over actually has anything under the ground. that's what they're going with. >> i'm calling for ...

A use it or lose it policy. congress should make companies pay fees on wells, on federal leases, they have not used in years. and acres of public land they are hoarding without production. companies already producing from these wells won't be affected. but those sitting on unused leases and idle wells will either have to start producing or pay the price for their inaction. look, the action i'm calling for will make a real difference over time. the truth is, it takes months, not days for companies to increase production. that's why the next part of my plan is so important. today i'm authorizing...

On federal lands and use some of the leases they do have, and it seems like the tensions have escalated. of course, today, a rather significant escalation with the president calling on congress to fine oil companies for not using drilling permits they have on federal land. here's more of what the president had to say there. >> to help execute the first part of my plan, i am calling for a use it or lose it policy. congress make companies pay fees on leases. companies that are already producing from these wells won't be affected, but those sitting on unused leases and idle wells will either have...

Customers and not investors and executives. i am a capitalists, and companies have a obligation that goes beyond their shareholders, to their customers, their communities and country. no american country should take advantage of a pandemic or putin's actions. they should invest in their customers. it's not the patriotic view, but it's good for your business as well. right now oil and gas industries are sitting on nearly 9,000 unused but approved permits for production on federal lands. more than 1 million unused acres, they have a right to pump on. families can't afford to let companies sit on...

Day for six months. predicting the painful price of the pump will go down fairly significantly. but still, there are questions about how soon struggling americans could feel some relief. abc's chief business and economics correspondent rebecca jarvis leads us off. >> reporter: tonight, >> reporter: tonight, with gasoline near record highs, president biden promising to lower prices with the largest ever release of oil from the nation's strategic petroleum reserve. 1 million barrels a day for the next six months, up to 180 million barrels total. >> there isn't enough supply. and the bottom line ...