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Most areas, especially in the contiguous United States, have already been explored to some extent. These ultra cheap leases reflect the fact that the likelihood
by woeirua 5y ago
Most areas, especially in the contiguous United States, have already been explored to some extent. These ultra cheap leases reflect the fact that the likelihood of economically producing hydrocarbons in this area is extremely unlikely.
- sdenton4 5y agoOr, the ultra-cheap leases represent giveaways of public goods to corporate interests. Political consideration of these deals is more about personal+crony enrichment than it is about generating public tax revenue.
- woeirua 5y agoYou are obviously totally ignorant about how the leasing process works. Leases are auctioned off to the highest bidder.