Bloomberg Businessweek

Why You Need the Internet to Drill

Website EnergyNet is the leading hub for federal land leases | “We have a lot of protesters. You can’t be too careful these days”
The North Sense briefly vibrates when the wearer turns to face north

The Obama administration largely put an end to old-school federal energy auctions last year, just when they were starting to get interesting.

Those barker-and-gavel sessions, long the primary way the Bureau of Land Management sold leasing rights for oil and gas drilling on federal property, had become targets for climate activists. A year ago, a conservationist worried about drilling near her home in Utah paid $2,500 for

You're reading a preview, sign up to read more.

More from Bloomberg Businessweek

Bloomberg Businessweek15 min readTech
How Yale Got Crazy Rich
David Swensen built a $29 billion fortune for his university and revolutionized investing. What’s wrong with that?
Bloomberg Businessweek1 min read
Steel Magnolia
Abstract expressionist John Chamberlain took the gestural force of Jackson Pollock’s paintings and rendered it in three dimensions. His most famous sculptures—mammoth car doors and hoods bent and crushed into submission—are almost by definition grand
Bloomberg Businessweek4 min read
Billionaires Are Begging To Buy This Art. Too Bad
Jeff Koons, Gerhard Richter, and David Hockney are household names with prices to match. The artist Vija Celmins commands similar prices from a lofty collector base; Henry Kravis, J. Tomilson Hill, and Mitchell and Emily Rales own work by Celmins, as