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Trump to use emergency powers to fast-track offshore oil in California amid rising fuel costs.
President Donald Trump plans to use emergency powers under the Defense Production Act to override California regulations and speed up permitting for Sable Offshore to restart oil production from offshore platforms off southern California.
The move, aimed at boosting domestic crude supply amid rising global oil prices due to U.S.-Iran tensions, comes ahead of the November midterm elections and reflects a political effort to address high fuel costs, particularly in California.
Sable Offshore’s stock rose following the report, though the White House and company have not commented.
The action would bypass state-level hurdles but faces delays due to technical and logistical challenges.
Trump utilizará poderes de emergencia para acelerar el petróleo en alta mar en California en medio del aumento de los costos de combustible.