Oil Majors Ghost Trump's Alaska Drilling Dreams at Cook Inlet Auction

Zero bids for 1M acres of Cook Inlet leases despite $90+ oil. Industry's final verdict on Arctic economics.

When the Market Says "We're Out"

Here's a scenario that probably didn't fit into the Trump administration's energy policy playbook: put up 1 million acres of pristine Alaska offshore real estate at Cook Inlet, open the bidding, and watch literally nobody show up. That's what happened at the Cook Inlet lease sale. Not "fewer bidders than expected." Not "d…