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Friday’s presidential executive order and action of the Energy Secretary come shortly on the heels of a Department of Justice legal opinion invoking the Defense Production Act as justification for the restart.
Analysts described “unprecedented” volatility as local prices went up by more than 60 cents in a week.
Update: Governor Newsom’s Office says the oil produced by the restart would be “a drop in the bucket that would have zero impact on the oil prices that have skyrocketed because of Donald Trump’s Iran war.”
Restart plans for offshore oil remain in legal limbo.
A California commission chaired by Santa Barbara’s former assemblymember Pedro Nava warns the data center boom must not raise residential utility bills.
Funding is accessible across the tri-county region for projects ranging from single-family homes to commercial properties.
The Santa Barbara Channel is among the areas under consideration for leasing; the Bureau of Ocean Energy Management’s public comment window closes on February 26.
The Houston oil company, which is trying to restart oil production off the coast of Santa Barbara County, says it could face civil and criminal penalties from the SEC and U.S. Attorney’s Office.
The decision comes as Attorney General Rob Bonta’s office enters the case.
No reportable action took place following Monday’s closed-door hearing as the supervisors reportedly found themselves deadlocked.
