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0.0005813953488373 0.0005813953488373 -0.00116279069767439 0.0005813953488373 -0.00261627906976733 -0.0130813953488371 -0.00523255813953488 -0.0156976744186046
Stock impact report

Oil CEO urges Newsom to do the 'math' as California governor vows to stop offshore drilling [FOX News]

Sable Offshore Corp. (SOC) 
Company Research Source: FOX News
Sable Offshore Corp. CEO Jim Flores argued Tuesday that the company's restored oil drilling off the California coast will provide a significant boost to consumers as the state vows to pump the brakes on production. Gavin [Newsom] should be doing the math and realizing that, hey, this is the best thing that happened — to lower consumer prices for Californians," Flores told "The Ingraham Angle." Energy Secretary Chris Wright on Friday directed the Houston-based oil and gas company to restore operations at the Santa Ynez Unit and the Santa Ynez Pipeline System off the coast of Santa Barbara after the Trump administration invoked the , saying the move is necessary to address oil supply disruption risks and reduce reliance on foreign crude. The action comes after concerns about oil shortages spurred by the conflict with Iran helped drive prices over $100 a barrel last week for the first time since 2022, as fallout roiled global markets and investors priced in the risk of tighter sup Show less Read more
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