Let's talk about the most expensive energy auction in US history....

Belle of the Ranch

Society & Culture

4.9 • 1K Ratings

🗓️ 2 March 2022

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

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0:00.0	If just thinking about your bills makes you feel confused and disorientated,
0:05.0	like your head is full of Raspberry,
0:08.0	then you need Monzo.
0:10.0	Download your new favorite bank and pay bills from custom pots.
0:15.0	Money never felt like Monzo.
0:18.0	UK residents, T's and C supply.
0:21.0	Well, howdy there, internet people's bow again so today we're going to talk
0:28.8	about the largest most expensive highest grossing, which use that term, the highest grossing energy auction in U.S.
0:37.7	history.
0:38.7	It just happened.
0:40.7	It just happened.
0:41.7	It was a three-day auction, six companies, and it grossed 4.37 billion dollars.
0:51.0	If you don't know, this is how the U.S. government manages federal lands, areas it controls.
0:59.4	This is how it kind of divvies stuff up for energy production. Companies are allowed to bid to
1:06.8	get access to get the rights to use certain sites and a big one just happened.
1:11.9	4.3 And a big one just happened.
1:13.0	4.37 billion dollars.
1:18.0	That is wild.
1:20.0	What do you think it was for? What kind of energy? Oil? I mean with that price tag, biggest in history? It's got to be oil, right? It's not, it's not natural gas either. I give
1:38.7	you a hint. The sites are three miles off the coast of New Jersey and New York.
1:47.0	It's wind power.
1:50.0	Wind power.
	...

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