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Biden administration moves to raise cost to drill on federal lands (NYSEARCA:XLE)

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Data analyzing in commodities energy market: the charts and quotes on display. US WTI crude oil price analysis. Stunning price drop for the last 20 years.

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The Biden administration moved this week to hike royalties and other fees for companies drilling for oil and gas on public lands.

A rule proposed by the U.S. Interior Department would hike the minimum royalty rate for federal drilling rights

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