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Companies focused on developing and selling fossil fuels are having another moment in the sun.
Fueling the bullish aura for oil and gas stocks is an escalating supply crunch. With winter approaching, which brings higher demand, analysts are still penciling in higher estimates for energy prices.
The Biden administration is pushing for 80% renewable energy use by the end of this decade and shifting the economy so that all of US electricity output comes from renewables by 2035.