Sale Of Arctic Oil Leases Goes Bust - Trumponomics Fails Its First Test—Just Seven Bids, $1.2 Million
Submitted by Meteor Man on Thu, 12/07/2017 - 11:00pmGood news for the environment. Bad news for Trump/GOP tax cuts:
The federal oil-lease sale promoted as the largest ever in Alaska’s Arctic Reserve sold only seven tracts, or 0.8% of the 900 tracts offered, undercutting Republican arguments that they can help pay for their proposed $1.5 trillion tax cuts for the wealthy by selling oil leases in the Alaskan wilderness.
