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Under a House Democrat-crafted bill described as a “sweeping” reform of federal drilling rules, oil and natural-gas companies would pay more to drill on federal lands and have less time to access the resources.
The measure, crafted by House Natural Resources Democratic staff, raises the royalty fees oil and gas companies pay to drill on federal lands for the first time since the 1980s. It also shortens the duration of federal leases to access those federal resources from 10 years to five.
[Translation: they're making more difficult and more expensive to get the energy we all need. And this 'reduces our dependence on foreign oil' how?
It's never been about the environment or energy.]
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