Oil companies offer zero bids for Arctic Refuge drilling rights

Contributing sentiments towards policy:

51% : Oil companies declined to bid in a US government auction to drill in the Arctic National Wildlife Refuge, as industry interest wanes in a region that's rich with crude but difficult to develop.
51% : Congress in 2017 mandated two coastal plain oil auctions by late 2024 as a way to pay for the Trump-era tax cuts, based on arguments the sales and oil development would yield more than $2 billion in government revenue over a decade.
47% : "We're going to be drilling soon," Trump said during a news conference Tuesday.
46% : The industry's no-show this week underscores the legal, social and economic challenges of drilling in the Coastal Plain, despite US Geological Survey estimates the region might hold between 4.3 billion and 11.8 billion barrels of technically recoverable crude.
43% : "Environmentalists and native Alaskans, including Gwich'in people who consider the area sacred, have warned oil companies would face intense public scrutiny for pursuing coastal-plain drilling rights.
40% : Trump has vowed to "drill, baby, drill" and unleash domestic energy production - even at the cost of oil company returns - but it's not clear that the industry will go along.
39% : "The lack of interest from oil companies in development in the Arctic National Wildlife Refuge reflects what we and they have known all along: There are some places too special and sacred to put at risk with oil and gas drilling," said Laura Daniel-Davis, the acting deputy Interior secretary.

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