Nobody Wants the Federal Land the White House Keeps Trying to Sell for Oil Drilling

Jan 13, 2018, 01:27 PM

Last month, the Trump Administration put more than 10 million acres of land in Alaska on the auction block for oil and gas companies to lease and eventually drill. The move — a key part of Trump's energy strategy — was billed as the President making good on his promise to bring U.S. "energy dominance" to the rest of the world.

But by the end of the auction the Bureau of Land Management had received only seven bids for land covering 80,000 acres, less than 1% of the area offered.