Trump Officials Direct Sable to Resume California Oil Operations

The Trump administration on Friday took action to clear the way for oil production off the California coast in a bid to ease the global fuel pressures created by the war with Iran.

The announcement by Energy Secretary Chris Wright follows an executive order signed by President Donald Trump on Friday and directs Sable Offshore Corp., a Houston-based company, to begin restoring operations for the Santa Ynez Unit and Santa Ynez Pipeline System in California.

“Today’s order will strengthen America’s oil supply and restore a pipeline system vital to our national security and defense, ensuring that West Coast military installations have the reliable energy critical to military readiness,” Wright said in a statement.

Trump’s war has pushed gas prices to their highest levels since he took office and in California they currently average over $5 a gallon, the highest in the nation. The issue has become a major political headache for Trump and Republicans heading into the midterm elections, which will likely turn on voters’ feelings about the economy and prices.

https://finance.yahoo.com/news/trump-officials-direct-sable-resume-212659706.html