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Oil Supply Security

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Energy Dept. uses DPA to restart Santa Barbara offshore oil operations
energy28 days ago

Energy Dept. uses DPA to restart Santa Barbara offshore oil operations

The U.S. Energy Secretary invoked the Defense Production Act to order Texas-based Sable Offshore to restore its Santa Ynez unit and associated pipelines off Southern California, aiming to bolster oil supply and national security; the facility can produce about 50,000 barrels per day and could replace roughly 1.5 million barrels of foreign crude each month, despite California’s legal challenges over regulatory authority.