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by nihilist_t21
2194 days ago
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They are open auctions, yes, but it appears from the article that the BLM has taken steps in the past to cancel leases that have been purchased explicitly to prevent drilling from occurring. Regardless of how you feel about that, you could make a point that the BLM and ONRR (Office of Natural Resources and Revenue, the department of the Feds who collects revenue from hydrocarbon production) have a fiduciary duty to seek the highest revenue from the mineral rights they own. Canceling leases which will never be drilled would follow this goal. Now, any environmental damage being more than the revenue derived in the end is another point altogether... |
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