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Stock impact report

Energy Secretary Directs Oil Company To Resume Operations In California, Citing National Security [zero hedge]

Sable Offshore Corp. (SOC) 
Company Research Source: zero hedge
Energy Secretary Directs Oil Company To Resume Operations In California, Citing National Security Authored by Jacob Burg via The Epoch Times, Energy Secretary Chris Wright on March 13 directed the Texas-based oil company Sable Offshore Corp. to restore operations in water off southern California. Wright invoked the Defense Production Act to restore the company’s Santa Ynez Unit and Pipeline System near Santa Barbara to address supply disruption risks that “have left the region and U.S. military forces dependent on foreign oil,” according to a Department of Energy news release. “The Trump Administration remains committed to putting all Americans and their energy security first, ” Wright said in a statement. “Unfortunately, some state leaders have not adhered to those same principles, with potentially disastrous consequences not just for their residents, but also our national security. “Today’s order will strengthen America’s oil supply and restore a pipeline system vital to our nationa Show less Read more
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