But as written, this bill requires the Interior Department to hold at least four onshore oil and gas lease sales per year in states including Nevada, where we already have extremely limited oil and gas resources. More troubling, If the lease sale fails because there is lack of eligible parcels or because it receives bids equivalent to less than a quarter of the lands being offered, this bill mandates that the Department hold another sale that same fiscal year. The ranking members amendment would remove this redundant and counterproductive requirement that simply stated, saves taxpayers money. (00:45–01:05)
CLAIM
Asserts that the bill requires another sale if initial lease sales fail due to lack of eligible parcels or low bids.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
