The oil lease sale on (June 5) raised just $3.7 million, resulting in five leases between two small Alaskan companies, according to the Bureau of Land Management (BLM). That’s less than the price of some Manhattan penthouses. While previous, successful lease sales in other BLM-managed areas of Alaska, New Mexico, and Texas suggested the oil industry remained interested in drilling on public lands, Big Oil snubbed this sale.
Environmental organizations and some Democratic lawmakers celebrated the blow to the Trump administration’s fossil-fuel-focused “Unleash American Energy” agenda. Still, they warned that the new leasing threatens to destroy globally significant wildlife habitat. - Gizmodo
Tuesday, June 9, 2026
Trump oil lease sale is a pitiful bust
On a related note, Big Oil hasn't for the most part been doing what Trump wants in Venezuela. (The linked article's good, though the headline's misleading.)
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