Arctic Oil Rights: Why the Major Oil Companies Had No Interest in Trump’s Last-minute Auction
Published at : 30 Jan 2021
On Jan 6th, yes that Jan 6th, the federal government opened the bids from an auction of 22 tracts of land in the Alaska National Wildlife Preserve for oil and gas development. Only 11 tracts got bids, all at or near the minimum, and of these only 2 seem to have been targeted for actual development. No major or mid-major companies bothered to even bid. In this episode we explain why there was so little interest in these drilling rights and what that means for ANWAR going forward. We also discuss Vikram's perspective on how to properly protect the environment in complex extraction scenarios such as the Alaskan refuge.