"US Petroleum Reserve Lease Sale In Alaska Draws Just 7 Bids"

"ANCHORAGE, Alaska — President Donald Trump’s efforts to make the United States 'energy dominant' with help from Alaska got off to modest results Wednesday.

The Interior Department made its largest-ever lease offering within the National Petroleum Reserve-Alaska: 900 tracts covering 16,100 square miles (41,700 sq. kilometers), roughly the size of New Hampshire and Massachusetts combined.

But oil companies submitted bids on just seven tracts covering 125 square miles (324 sq. kilometers)."

Dan Joling reports for the Associated Press December 7, 2017.


"It’s Getting Less Appealing to Drill for Oil in the Arctic" (Bloomberg)

Source: AP, 12/12/2017