Trump weighs California-based strategic oil reserve amid clash with Newsom

1 min read
Source: Politico
TL;DR Summary

The Trump administration says it is in active dialogue to potentially create a West Coast Strategic Petroleum Reserve in California, a move meant to bolster oil infrastructure and national defense but likely to face opposition from Gov. Gavin Newsom and California lawmakers who want to shrink fossil fuels. The plan, tied to Sable Offshore’s proposal, would start with about 370,000 barrels of storage and could expand in a second phase to as much as 30 million barrels. The current reserve is in Texas and Louisiana, and the effort would augment West Coast supplies amid high prices and California’s declining refining capacity.

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