Thursday’s sale is just the second “replacement sale” to be offered by the agency since the OBBA became law. The BLM is required to offer land for leasing every three months across several Western states, including Colorado.

The same parcels ignored on Thursday also received no bids in December, demonstrating that those areas in Jackson, Moffat and Garfield counties may be undesirable for drilling.

“There are no oil and gas companies that think that it’s profitable to lease them, even at 10 bucks an acre,” Weiss said.

Other changes by the Trump Administration, meant to support increased drilling, include cutting the “royalty rate” on land, which determines how much producers are required to pay the government once oil and gas starts flowing.

Taxpayers for Common Sense, a nonpartisan budget group, estimated that Colorado and U.S. taxpayers would lose around $15.5 million in revenue from a September lease sale in the state, because of the reduced royalty rate on those leases.

The law also restarts non-competitive leasing, which means companies can purchase leases outside of the BLM auctions, and it fast-tracks how quickly land is offered up for leasing.

Environmental groups panned Thursday’s auction as a wasteful and inefficient burden for the BLM, an agency that is struggling with staffing and may see additional cuts in 2026.

“Today's so-called 'replacement sale' is a completely unnecessary burden on the short-staffed agency and makes it easier for oil companies to hoard our public lands for dirt cheap prices," said Jim Ramey, Colorado state director at The Wilderness Society.

>>1475521
Do these public lands have oil on them confirmed?

>>1475524
Nope

>>1475524
>>1475525
So you're admitting trump is trying to scam companies now
Wow, that's even worse.

>>1475527
I don't need to admit anything, Trump's been a scam artist his entire life.

>>1475521
Look up a chart of how much oil various countries have and this will all make sense very quickly. America is tapped out. The tit is dry and no oil company wants to build a big expensive facility just to have it sit idle. That's why they're invading Venezuela, without access to a massive oil reserve like that the petro dollar tanks which is tied to the value of the US dollar on the global market. If the value of a dollar compared to a Euro, Pound or Yuan is gets closer to something like the Peso, everything collapses.

>>1475536
>U.S. crude oil production covers roughly 65–70% of total domestic petroleum demand in 2025–2026
There's no evidence at all to suggest that America is "tapped out."

>>1475536
Trump has been asking OPEC to produce more oil and he's been helping sanctioned oil from our enemies get back on the market. The United States doesn't have a nationalized oil and gas industry, it's done in the private sector. All of his moves have been hurting domestic oil production. But like usual, Trump and the corrupt mainstream media has convinced a good portion of americans that up is down. Why would any oil company want to "drill baby drill" with the most OPEC friendly president in history at the helm? US domestic oil production had finally gotten to the point where we weren't beholden to OPEC anymore, they were quaking in their boots, but then we elected the most corruptible person in history. Why do you think all of the Arabian dictators have been lavishing gifts on Trump? Do you think they'd all be doing it if it wasn't working?
>"drill baby drill" -> kills us oil production
>"law and order president" -> no respect for the law
>"The anti-war candidate" -> accelerates us towards WW3
>Anti-pedo conspiracy helps get him elected -> is pedophile

>>1475550
>2024 annual average: Approximately 13.2 million barrels per day (mb/d)
>2025 annual average: Forecasted at around 13.5–13.6 mb/d
Is this what "killing us oil production" looks like?

>>1475546
>>1475550
Again, it's not about what they're currently drilling. It's that oil companies look towards the future, if they are going to put the money into building new pumps and refineries if it won't be worth it long term. That's why even given free land it wasn't worth it.

http://www.unitedexplanations.org/wp-content/uploads/2011/07/unexp_graphshot23_llt1.jpg

>>1475554
Colorado has some of the strictest regulations for oil production in the country. They would buy the land if the juice was worth the squeeze.

>>1475555
They have been ordered by the man who smears orange paint on his face to fix Venezuela's oil infrastructure instead.

>>1475555
Oil is oil, and the land is cheap.

>>1475698
There's no oil on the land.

>>1475700
Proof?

>>1475701
>"There are no oil and gas companies that think that it’s profitable to lease them, even at 10 bucks an acre,” Weiss said.

>>1475703
That doesn't say 'no oil', why did you lie?

>>1475704
No oil, no profit. This isn't hard.

>>1475719
Still not proof, why did you lie?

>>1475725
What part of an oil land lease exactly do you think generates profit? Could it be... the oil?

>>1475719
Anon they're literally saying there is oil but it isn't profitable to extract it, even if the land itself is cheap. Why are you dying on this hill?

>>1475552
>He doesn't know this is the exact same thing that happened when Biden "killed oil production"
It's literally just business as usual. Biden didn't harm anything, Trump didn't help anything. The actual oil rates are completely unchanged across both admins.

>>1475732
Source?

>>1475729
Yet there is clearly oil there otherwise it wouldn't be leased. So again, why are you lying?

>>1475736
It is literally being sold for oil and gas drilling.

I don't understand why you're arguing this; there's oil and gas in tons of places, but whether or not it is profitable to drill for it depends on how deep and how much of it there is. It isn't worth it to spend like 100 million dollars setting up to drill like 10 million worth of oil for example.

>>1475737
Post proof of oil.

>>1475740
You do know the blm leases land without first verifying for oil, yes?

>>1475741
Burden of proof is on you since you made the claim >>1475700
Why did you lie that there is no oil?

>>1475744
You have the positive claim. Demonstrate proof of oil or hold the L

>“In general, everything that is really high value across the West that will ever produce oil has already been sold,”
shill btfo on every lie they ever said about Biden rising oil prices
lmao

>>1475751
>No proof
Surrender accepted.
Why are oil companies refusing to drill on land with oil that's being given to them almost for free?

>>1475751
>hold the L
How many imaginary Ls do you have now?

>>1475763
>no proof
Correct, you provided none.

>>1475783
>Correct
Glad you admit you have no proof about your claim there is 'no oil'.

>>1475803
Fortunately the burden of proof is not on my claim. Hold the L

>>1475804
Not him but the burden of proof is on your claim.

>>1475805
Prove it

>>1475807
He can't, because he lied.

>>1475524
Yea. Literally floating on oil. Its why the need to drill.

>>1475524
There's literally so much oil that the CEO of opec was caught on a hot mic saying "wow that's a lot of oil it's so much oil we don't know what to do with it"

>>1475933
>CEO of OPEC
Lol

>>1475969
The crazy thing is that sounds like something trump would say, when his dementia isn't acting up and he just walks away from a meeting to start out the window.