Ironically that is a part of coastal California that is still picture book perfect. Still relatively unharmed by concrete and masses of people.
I went long SOC on Friday, but sold calls against it this a.m. on the strength.
This is good news, except, any accessible point along this pipeline has now become a target for activists to sabotage. A spill hurts Trump AND offshore oil. FedGov better become hyper vigilant right now.
The first offshore oil well was drilled off a pier near Santa Barbara in about 1900. California was America’s largest oil producer until about 1930. In the mid 20th Century, ARCO considered installing a giant funnel in the water off the beaches to capture the natural oil seeping from the sea bed.
There is a lot of oil out there.
It’s amazing, if true, that Sable can restart mothballed facilities so soon.
Then there is this article about the Sable news from Santa Barbara’s left-wing free publication, The Independent:
The Independent is the liberal rag you get in the same place Tatted NoseRing PinkHair makes your coffee in those joints. NoozHawk is conservative. Santa Barbara no longer has a traditional daily paper.