"NEW ORLEANS — Low prices and concerns about the new coronavirus should postpone a Gulf of Mexico oil lease sale planned for Wednesday, environmental groups said Tuesday.

“As prices collapse, it’s insane to move forward with this bargain basement sell-off of our public resources,” Raleigh Hoke, campaign director for the New Orleans-based coalition Healthy Gulf, said in a news release.

Oil prices have dropped sharply since the COVID-19 pandemic cut travel and Russia and Saudi Arabia got into a price war."

Janet McConnaughey reports for the Associated Press March 17, 2020. [2]

SEE ALSO:

"Interior: Coronavirus Won't Slow Lease Sales, Rulemakings" (Greenwire) [3]