Inletkeeper Blog

Oil & Gas Lease Sale 258 in Lower Cook Inlet Canceled

Oil & Gas Lease Sale 258 in Lower Cook Inlet Canceled

Another red herring is that canceled lease sales like Lease Sale 258 continue to contribute to rising gas prices. This isn’t true. There are thousands of active leases that the industry has that could be developed at any time. Even if these leases were issued tomorrow, it would be years before any oil and gas would be produced from Lower Cook Inlet. These leases have no impact on our current oil and gas prices.