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Who Will Buy Sable’s Oil if California Keeps Closing Refineries?

Barchart·11/11/2026 19:08:04
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Situated off California’s Santa Barbara coast, the Santa Ynez project operated by Sable Offshore has become a litmus test of President Trump’s determination to revive oil production in a state pursuing a future beyond it. After a decade of shutdowns, its return depended on the Trump administration’s intervention in a prolonged regulatory battle. Originally developed by ExxonMobil, the Santa Ynez complex comprises the Hondo, Harmony and Heritage platforms and their associated onshore infrastructure. Its troubles began in May 2015,…