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energy market

Biden Could Reduce the Nation’s Production of Oil and Gas, but Probably Not as Much as Many Hope

Oil markets will likely have greater sway on drilling, despite the candidate’s plans to ban permits on federal lands, limit methane emissions and make polluters pay.

By Nicholas Kusnetz

There are over 1,100 producing oil wells in the McKittrick oil field north of McKittrick, California. Credit: Carolyn Cole/Los Angeles Times via Getty

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