Donald Trump, Sable and Defense Production Act
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California’s Natural Resources Agency has ordered Houston-based oil driller Sable Offshore Corp. to remove a pipeline crossing a state park days after the US government instructed the company to begin pumping crude through the conduit.
Sable Offshore Corp. (NYSE:SOC) is one of the 11 Best Day Trading Stocks to Buy Now. Financial firm Benchmark downgraded Sable Offshore Corp. (NYSE:SOC)’s shares to Hold from Buy on March 5th, according to The Fly.
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The Trump administration on Friday took action to clear the way for oil production off the California coast in a bid to ease the global fuel pressures created by the war with Iran.