California AG Bonta Says Sable Restart Won’t Lower Oil Prices

California Attorney General Rob Bonta Photographer: Jason Henry/Bloomberg.

• The restart of some 50,000 barrels a day of oil production off the coast of California will have have “no impact” on oil prices, the state’s Attorney General said in an interview onBloomberg Televison
• Houston-based oil drillerSable Offshore Corp
• has spent years attempting to restart production at a cluster of platforms off the Santa Barbara coast, facing local opposition tied to an onshore pipeline that spilled more than 2,000 barrels of oil onto California beaches when owned by Plains All American Pipeline