With Oil Cheap, Interest Fades In Offshore Drilling Rights

Forbes by Jesse Bogan | Mar. 19, 2009 (News Report)

Dismal oil and natural gas prices led to lackluster bidding in an auction of federal offshore leases in the busiest region of the Gulf of Mexico. Full Story »

Posted by Jim Lang

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3.4
 by Jim Lang - Mar. 24, 2009

Straight forward story on lower bids received for offshore drilling licenses as oil prices flag.

Good news for those of us who oppose reactive drilling but don't bet on the situation lasting.

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