Sable Offshore Corp. SOC
At closeNov 10, 2026, 7:58 PM EST
After hours · Nov 10, 7:58 PM ET
- YTD
- -91.68%
- 1 year
- -87.49%
Discussion (35)
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California is wasting lot of tax dollars with these unnecessary law suits which has less chances of success. This lawsuit is more seems to satisfies ego on personal fued and revenge rather than a benefit to tax payers. This project creates lot or jobs. They better go and compromise for win win situation
Why California Might Lose (The "Interstate" Argument)
• Federal Preemption: In US law, federal authority usually overrides state law regarding "interstate commerce." If the court agrees with the Trump administration that these pipelines are now part of an interstate network (connecting California production to national markets), the Federal Pipeline Safety Act would likely preempt California’s stricter state-level safety requirements.
• Initial Rulings: On December 31, 2025, a two-judge panel on the Ninth Circuit already denied an emergency request to stay the restart. While this wasn't a final ruling, it indicates the court was not immediately convinced that the federal government's reclassification was clearly illegal.
• National Security/Emergency Powers: The federal government is citing a "National Energy Emergency" declaration. Courts are often hesitant to second-guess the executive branch on matters of national security and energy supply.
Ok. I’m buy here
Buy the dip
