Sable Offshore's Santa Ynez restart hinges on California refinery closures

Sable Offshore's Santa Ynez project off California is set to resume production after a decade-long shutdown, aided by Trump administration intervention in a regulatory dispute. However, California's ongoing refinery closures threaten the state's demand for its crude, raising questions about the project's market viability. The development tests federal versus state energy policy and highlights the tension between reviving fossil fuel production and California's transition away from oil.

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