Oil Drillers Give Cold Shoulder To Alaska Bidding Round

U.S. officials said a lease sale including newly offered lands from Arctic Alaska for oil drilling did not draw very many bids, according to a Reuters report. Seven bids were received in total, encompassing roundly 80,000 acres, which translates to less a percent of the 10.3 million acres made available in the state’s National Petroleum Reserve under the Trump administration’s orders. The lease was the largest of its kind since 1999. “Today’s lease sale shows once again the fuzzy Arctic refuge math by the Trump administration…
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