3 ms·
You realise that selling to the highest bidder is pretty far from giving things away?
by SiempreViernes 5y ago
You realise that selling to the highest bidder is pretty far from giving things away?
- jhallenworld 5y agoAnd how much do they pay to extract the oil from public lands? This is very relevant because of this new thing that just happened. There was an auction for rights to install an off-shore wind farm. The final price was $4.3 billion. This tells you the value of green energy: it's so valuable that you could convince investors and banks to pony up the money. https://www.cnbc.com/2022/02/25/us-offshore-wind-auction-in-ny-nj-raises-a-record-4point37-billion.html https://www.cnbc.com/2022/02/25/us-offshore-wind-auction-in-... So what are the auction prices for oil extraction? https://www.denverpost.com/2021/10/07/john-hickenlooper-oil-gas-drilling-federal-public-lands-blm/ https://www.denverpost.com/2021/10/07/john-hickenlooper-oil-...
- cpleppert 5y agoState commitments in New York and New Jersey mean that off-shore windfarms are guaranteed to be profitable. The cost of extraction doesn't equal the cost of the land or right to drill for oil.