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Biden goes after American energy producers by raising fees 20-fold

The Interior Department’s Bureau of Land Management (BLM) has proposed increasing royalty rates for oil and natural gas drilling on federal lands from 12.5 percent to 16.67 percent—about a third higher–and raising the minimum bond paid upon purchasing an individual drilling lease from $10,000 to $150,000.

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Analysis: Biden’s incoherent energy agenda

As governments in the developed world try to coax their economies away from fossil fuels, commodities that enable alternative energy sources have become more vital. One such commodity, nickel, has seen record prices, spectacular crashes, and warehouse intrigue in recent months.

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