No Bids

What if the US Government held an auction
for oil rights on land it historically held in trust? 

But no bids were entered?

Because, it is suspected, that extracting
the energy and delivering it to customers
in cities far away would cost companies more
then the present oil market says the energy is worth?

Native Alaskan communities like the Tyonek,
Dena'ina, the Suqpaig(Alutiq) and the Seldovia
who make up the diaspora of the 400,000 folk,
who live off the land, and along the coast,
of the Cook Inlet might well be glad
of the land being left intact at present.

But what will happen when the first bid is accepted....