Federal Lease Sales Based on $30.00 Per Barrel Oil
Imagine that you are a seller of ice cream cones during a time of high demand (summer), but price them at levels that one might encounter in the dead of winter. Imagine further that the winter in question is, say, 5 years earlier. That would likely be a formula for minimizing profits. That is not unlike what is currently happening to Arctic drilling lease sales.
See the rest here. (Sorry for the link.)
See the rest here. (Sorry for the link.)
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