- Oct 9, 1999
- 46,063
- 8,813
- 136
A Guy Named Craig May Soon Have Control Over a Large Swath of Utah
"Under a long-standing law known as the Mineral Leasing Act of 1920, anyone can “nominate” a parcel of federal land for oil-and-gas development—it doesn’t cost a thing. The rules are so lax that you don’t even have to supply your name if you want to nominate a piece of land [...] After the land is nominated, and certain review processes are completed, the B.L.M. moves to set up a lease auction [...] The minimum competitive bid for an acre is two dollars, and that’s often the price it goes for in areas like Moab."
^^^ Sweetheart deals like this need to be revised, to say the least.
"Under a long-standing law known as the Mineral Leasing Act of 1920, anyone can “nominate” a parcel of federal land for oil-and-gas development—it doesn’t cost a thing. The rules are so lax that you don’t even have to supply your name if you want to nominate a piece of land [...] After the land is nominated, and certain review processes are completed, the B.L.M. moves to set up a lease auction [...] The minimum competitive bid for an acre is two dollars, and that’s often the price it goes for in areas like Moab."
^^^ Sweetheart deals like this need to be revised, to say the least.