The Trump administration has signed an executive order to resume oil drilling operations off the Southern California coast, citing national energy security concerns.
The order, which invokes a Cold War-era Defense Production Act, will prove controversial despite the potential to bring down gas prices, which are now the highest in America.
Gov. Gavin Newsom also flagged the state would challenge the order in the courts. (
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The new Trump move aims to restart oil production at a cluster of offshore platforms run by Sable Offshore (SOC.N).
nypost.com
The order, which invokes a Cold War-era Defense Production Act, will prove controversial despite the potential to bring down gas prices, which are now the highest in America.
Gov. Gavin Newsom also flagged the state would challenge the order in the courts. (
The new Trump move aims to restart oil production at a cluster of offshore platforms run by Sable Offshore (SOC.N).
President Trump orders oil drilling operations to resume off California
The move aims to restart oil production at a cluster of offshore platforms as fuel prices continue to rise in the wake of the war on Iran.
