Oil stocks tumbled following yesterday's one-two punch of Biden energy news, when first we learned that the Interior Department enacted a 60-day moratorium on issuing oil and gas leases that affects all federal lands, minerals, and waters, which was followed by news that Biden was set to fully suspend the sale of oil and gas leases on federal land, which accounts for about a tenth of U.S. supplies. Yet while E&P companies sold off sharply on the news, one can argue that the decision wasn't exactly a surprise for the drillers themselves, because…
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