"In 2008, when the George W. Bush administration was on its way out the door, it decided to launch one final giveaway to oil and gas companies by leasing hundreds of thousands of acres of land in Utah overseen by the Bureau of Land Management. Frustrated opponents protested outside the BLM building in Salt Lake City while the auction was being held in December of ’08, but Tim DeChristopher, a 27 year old University of Utah economics student, took action.
DeChristopher went into the auction as a bidder, and despite not having any money, successfully bid on 148,598 acres of land for over $7 million. When he wasn’t able to win a bid, he was able to drive up the costs of leases for oil and gas companies. By the time the paperwork was done on the land DeChristopher successfully bid on, a new administration was in office – one that agreed most of the land up for sale should never have been put up for auction in the first place."Read the rest of the story here.