Speculative leasing is actually one of the most charitable ways I know to describe the phenomenon where more than two thirds of the total acreage nominated for onshore oil and gas leasing nationwide is located in my state of Nevada, where Just 0.3% of federal leases since the 1950s or fewer than 100 have produced any oil and gas [in Nevada]. Another way to describe this phenomenon is more simply just waste or a boondoggle or a drill to nowhere. (00:00–00:28)
CLAIM
Asserts that only 0.3% of federal leases in Nevada have produced oil and gas since the 1950s.
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