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Biden Administration Accepts Nearly $190M in Bids From Offshore Oil Lease Sale

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Nearly $190 million in offshore oil lease bids have been approved by the Biden Administration after being rejected by a federal judge nearly a year ago, reports the Associated Press.

The approval was required by the Inflation Reduction Act, which also mandates that three sales be allowed to proceed after previously being put on hold by the Biden Administration.

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Categories: Oil and Gas
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