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Biden administration cancels oil and gas drilling leases in Gulf of Mexico, Alaska coast

WASHINGTON — The Biden administration has canceled plans to auction drilling rights in three regions off the US coast later this year, adding more friction to a difficult relationship with the oil industry during a time of high prices. gasoline.

The decision to cancel lease sales for two regions in the Gulf of Mexico and one off the coast of Alaska leaves oil and gas companies facing a blackout period of unknown duration at new points of drilling in valuable offshore acreage.


Wj

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