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     2 months ago  

    6/6 🧵

    Sable's stock jumped 34% on the news. Trump's framing this as fixing his own Iran war's price spike ahead of November midterms — but he's overriding state law, court orders, and criminal proceedings to do it. Legal battle incoming.

    📎 Source

    #threadstorm

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     2 months ago  

    5/6 🧵

    Newsom's response: "This wouldn't lower prices by a cent. Trump is defying multiple court orders to sacrifice our coastal communities for his oil industry friends. We'll see them back in court." Rep. Carbajal called it a "hollow solution" to Trump's war-driven gas price spike.

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     2 months ago  

    4/6 🧵

    Sable's facility could produce ~50,000 barrels/day. The platforms were shut down in 2015 after an oil spill. A state judge ruled against Sable's pipeline repairs last year, and California's AG sued in January to block federal override of state pipeline authority.

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     2 months ago  

    3/6 🧵

    California drivers pay a massive premium: state excise taxes, sales taxes, climate program fees, plus mandatory eco-friendly fuel blends. Chevron warned last week that Newsom's green policies risk pushing gas above $8/gallon — potentially triggering 1970s-style fuel rationing.

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     2 months ago  

    2/6 🧵

    The executive order uses the Defense Production Act to restart oil production at Sable Offshore's Santa Ynez platforms off Southern California. Energy Secretary Chris Wright can now override state regulations, citing "national energy security" and military fuel dependence.

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     2 months ago  

    1/6 🧵

    Trump just invoked a Cold War-era law to force California to restart offshore drilling — despite state courts blocking it and criminal charges pending against the pipeline operators. Gas hit $5.42/gallon in CA (vs $3.60 national avg), and Newsom's vowing to fight this in court.