(Bloomberg) — 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.
What about Judge Geck’s injunction and the case before the 9th Circuit? How are they affected by the EO and DOJ opinion?
Perhaps Four World Capital Management wasn’t crazy after all.
Bud's Offshore Energy (BOE) 