Most Popular Choices
Share on Facebook 8 Printer Friendly Page More Sharing
General News    H4'ed 1/12/21

Arctic Oil Drilling Plans Suffer 'Stunning Setback' as Almost 'No One Shows Up' For the Sale

Quicklink Submitted By   No comments
Follow Me on Twitter     Message Meryl Ann Butler
Become a Fan
  (81 fans)

Osborn Range %2805-08-97%29.
Osborn Range %2805-08-97%29.
(Image by Wikipedia (, Author: Ansgar Walk)
  Details   Source   DMCA

In a stunning setback to the waning Trump Administration’s long-stated goal of energy independence, a recent auction for oil drilling leases in the Alaskan Arctic attracted no major oil companies.    Whether the astonishing absence of interest was due to a lack of infrastructure or roads around the coastal plain, the decline of fossil fuel investments (and use) during the pandemic, or the perception that every inch of the Arctic would be legally fought over by indigenous tribes and environmental activists, what was supposed to be a historic day ended with crickets and question marks.

“Today’s sale reflects the brutal economic realities the oil and gas industry continues to face after the unprecedented events of 2020, coupled with ongoing regulatory uncertainty,” said Alaska Oil and Gas Association CEO Kara Moriarty in a statement.

Read the rest of the story HERE:

Rate It | View Ratings

Meryl Ann Butler Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

Meryl Ann Butler is an artist, author, educator and OpedNews Managing Editor who has been actively engaged in utilizing the arts as stepping-stones toward joy-filled wellbeing since she was a hippie. She began writing for OpEdNews in Feb, 2004. She became a Senior Editor in August 2012 and Managing Editor in January, (more...)

Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Follow Me on Twitter     Writers Guidelines

Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEd News Newsletter
   (Opens new browser window)

To View Comments or Join the Conversation:

Tell A Friend