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This little-known energy company's stock is rallying as Trump invokes 1950 powers for offshore California drilling – Morningstar

March 14, 2026

This little-known energy company’s stock is rallying as Trump invokes 1950 powers for offshore California drilling MorningstarTrump administration invokes emergency powers to restart oil operations off California coast PoliticoTrump turns to California offshore oil to help with Iran war AxiosTrump administration orders restart of oil drilling along California coast amid Iran war Los Angeles TimesTrump administration directs Sable Offshore to restore Santa Ynez oil unit CNBC