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Trump administration’s 1st auction for Alaska oil rights draws lukewarm response

Trump administration’s 1st auction for Alaska oil rights draws lukewarm response

The US government held the first auction for drilling rights for extracting oil from Alaska’s Arctic National Wildlife Refuge, after President Trump allowed it recently. However, it failed to attract big oil companies. An Alaskan state agency won the bid, drawing immediate flak from environmental groups. The sale raised less than $15 million – far less than the administration’s expectations.

David
David
GUYIVKS
GUYIVKS 3 months

So smaller companies get a crack at making money.

MyVoice
MyVoice 3 months

That’s because big oil now knows oil is finished. New engines will be oil free.

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