From the article excerpt above:
Oil pumping operations are expected to begin imminently off the coast of California after President Trump issued an executive order Friday to resume oil drilling operations near Santa Barbara
These wells have been shut down for 11 years. It will take months and years to get production going. Even in the best of circumstances The US consumes 20 million barrels a day the world consumes 100 million barrels. 50k barrels from California will do nothing to the price of oil.