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The Permian basin, the U.S.’s most prolific shale patch, will produce crude oil at levels not seen since the start of the pandemic in the latest sign the global economy is heating back up.
President Joe Biden, who made clean energy a core tenet of his campaign, plans to set off one more oil-sector boom before shadows descend on fossil fuels.
Louisiana and dozens of other states are suing the Biden administration to end a suspension of oil and gas leasing on federal lands and waters.