There is a lot of space out there. It is not so much about how much is being put up for the lease sale but what locations are being put up. This has been manipulated before and may be again. The serious drillers know where the recoverable oil is located and will not bid on worthless leases.
There is a lot of space out there. It is not so much about how much is being put up for the lease sale but what locations are being put up. This has been manipulated before and may be again. The serious drillers know where the recoverable oil is located and will not bid on worthless leases.