New Gulf Leases Could Yield 1B Barrels of Oil

38M acres set for auction

By Matt Cantor,  Newser Staff

Posted Feb 8, 2013 4:48 AM CST

(Newser) – The US is nearly ready to auction off oil and gas drilling leases for up to 38 million acres in the Gulf of Mexico—an area which could yield some 1 billion barrels of oil and 4 trillion cubic feet of natural gas, the Wall ...   Read full story »

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