Trump to invoke emergency law for California oil producer Sable, Bloomberg News reports

[littlemissmartypants]

Source: Reuters

U.S. President Donald ​Trump plans to invoke ‌emergency law for Sable Offshore (SOC.N), opens new tab as it looks to ​restart production from a ​cluster of offshore platforms ⁠in California, Bloomberg News ​reported on Wednesday, citing ​a person familiar with the matter.

Shares of Sable rose 28% to $18.35.

Trump ​is preparing to ​summon authorities under the Defense Production ‌Act ⁠to preempt state laws and ease permitting for Sable as the company ​looks to ​restart ⁠significant production from a cluster of ​offshore platforms in California, ​the ⁠report added.
Sable Offshore did not immediately respond to ⁠a ​Reuters request ​for comment.

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Read more: https://www.reuters.com/business/energy/trump-invoke-emergency-law-california-oil-producer-sable-bloomberg-news-reports-2026-03-11/

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March 11, 20263:20 PM EDT
Updated 17 mins ago

[quaint]

1. Fuck

[twodogsbarking]

2. Will you shut up about egg prices, er I mean gas prices. DJT

[Buddyzbuddy]

3. I originally posted this Mon. 3/9/26

. Hmm, ridiculously high oil prices, what a great way to slip in more deregulation of the oil industry.
Monday
Just to ease the pain at the pumps of course.

[pfitz59]

4. Goodbye sea life

Hello oily beaches

[angrychair]

5. Let's be clear: that's not how oil works

Even if they started this process tomorrow it could be a year or more before we would see a drop of oil.
Not to mention costs. If oil is around $100/barrel then it's likely not even financially viable. The oil still costs what it costs. They cannot just run themselves into bankruptcy just because he says so.