TV News LIES

Tuesday, Apr 21st

Last update03:21:54 AM GMT

You are here News Energy U.S. makes $1 billion in gulf lease sale

U.S. makes $1 billion in gulf lease sale

E-mail Print PDF

Gulf of MexicoOil companies paid more than $1 billion collectively to acquire 1.6 million acres of oil and natural gas blocks in the Gulf of Mexico, the U.S. government said.

The U.S. Interior Department's Bureau of Ocean Energy Management published the final tallies from a March 20 lease sale for the central Gulf of Mexico.

Critics of President Obama's energy policies say his administration has blocked off key areas to energy explorers. The BOEM counters its lease sales, like the one in March, are contributing to record lows for foreign oil imports.

BOEM said it awarded 307 leases for 1.6 million acres off Louisiana, Mississippi and Alabama. Combined, the accepted high bids are worth $1.1 billion.

More...


Most Recent Related Stories...


Coal Is Dying and It's Never Coming Back

Coal is DyingCoal, the No. 1 cause of climate change, is dying. Last year saw a record number...

Germany Proves Life With Less Fossil Fuel Getting Easiersss

Life with less fossil fuelsSitting in a control center that helps ensure uninterrupted power for 82 million Germans, Gunter Scheibner...

To foil oil spills, new federal rule requires better blowout preventers

Blowout preventersThe Obama administration unveiled a new rule Monday that's designed to help prevent a repeat of...

Across American oilfields, layoffs and auctions

Cheaper oil brings layoffsConvinced he can ride out the slowing fortunes of America's oil and gas industry, Shawn Kluver...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!