
Company News
California Governor Gavin Newsom criticized President Trump on social media, stating that Americans have paid $10.53 billion more for gas nationwide, with states like Idaho, Utah, Kentucky, and Arizona seeing the steepest increases. The national average gas price reached $4.093 per gallon on Thursday. Other Democratic officials, including Illinoi...
Governor Gavin Newsom criticized President Trump and White House Press Secretary Karoline Leavitt for claiming energy dominance while fuel prices surge, with gas prices up 94 cents per gallon over the past year. The dispute involves competing proposals to address fuel costs, including Illinois Governor Pritzker's support for E15 biofuel and Trans...
Illinois Governor JB Pritzker is pushing Congress to make E15 fuel available year-round to lower gas prices and support corn farmers, while criticizing President Trump for prioritizing corporate donors over consumers. The move comes amid escalating Middle East tensions and rising fuel costs, with national gas prices averaging $4.118/gallon. E15 s...
The Trump Administration issued an emergency order to restart the Santa Ynez Pipeline System in California, owned by Sable Offshore, to increase U.S. oil supplies amid the Iran war and constrained global markets. The pipeline, shut down since a 2015 oil spill, is expected to deliver 50,000 barrels per day by April 1. However, Sable faces signific...
Sable Offshore (NYSE:SOC) faces a pivotal moment as President Trump considers using Defense Production Act powers to restart its California offshore oil pipeline, which has been offline since a 2015 spill. While the DOJ opinion supporting federal preemption of California regulations has boosted the stock, California's lawsuit and allegations of i...
