US EditionNewsom Closed 5 California Prisons. Why Lawmakers Might Want to Shut One More
The emergency order aims to boost U.S. oil supply by adding 50,000 barrels per day to California refineries despite state opposition and ongoing legal disputes.
- Earlier this week, the Trump Administration issued an emergency order directing Sable Offshore to restart the Santa Ynez Unit and related pipeline, aiming to increase domestic oil supply amid global constraints caused by the war with Iran.
- The Santa Ynez Pipeline System has remained shut since the Refugio oil spill in May 2015, when corroded infrastructure caused 142,000 gallons of oil to spill, contaminating biologically diverse coastal areas.
- Sable has resumed oil flows and expects to begin selling 50,000 barrels per day by April 1, utilizing about 540,000 barrels in storage against the pipeline's 200,000 barrel-per-day capacity.
- The Department of Parks and Recreation recently demanded Sable remove a pipeline section crossing Gaviota State Park, prompting Sable to sue the state department as California seeks to block the project.
- Governor Gavin Newsom vowed to fight the restart, citing environmental threats, while the Trump Administration argues that increased domestic production will displace foreign oil imports and supply California's refining market.
11 Articles
11 Articles
Cal Matters
Newsom closed 5 California prisons. Why lawmakers might want to shut one more
By the time Gov. Gavin Newsom leaves office, California will have five fewer state prisons than when he came into power. Some California state lawmakers want to make it six. They’re pointing to a new analysis that shows the state’s incarcerated population has fallen so dramatically that California can close another prison and still have capacity for the 90,000 or so people presently locked up. That report prompted blunt questions to California …
The Trump Administration Ordered a Previously Shut-Down Oil Pipeline Reopened in California. Here's What Investors Need to Know About the Company that Owns It.
Key PointsThe Trump Administration issued an emergency order to restart the Santa Ynez Pipeline System. The system hasn't restarted since getting shut down in 2015 due to an oil spill.The pipeline is crucial to supporting Sable Offshore's operations. 10 stocks we like better than Sable Offshore › Earlier this week, the Trump Administration issued an emergency order directing Sable Offshore (NYSE: SOC) to restart the Santa Ynez Unit and related p…
Oil CEO urges Newsom to do the ‘math’ as California governor vows to stop offshore drilling
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…
Gov. Newsom blasts Trump admin attempt to reopen California oil pipeline linked to devastating 2015 spill near Refugio State Beach
California Governor Gavin Newsom is pushing back forcefully against the Trump administration’s attempt to restart a controversial offshore oil pipeline, accusing the president of exploiting a global crisis he helped create to put California’s coastline at risk
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