US DOE Orders Restart of Santa Ynez Oil Flows
AI Summary
The US Department of Energy has invoked emergency powers to order the restart of oil flows from the Santa Ynez field in California, expecting the move to replace nearly 1.5 million barrels of foreign crude imports per month. This marks a significant use of federal emergency authority to boost domestic energy supply.
DOE expects the restart, for which it invoked emergency powers, to replace nearly 1.5 million barrels of foreign crude each month.
Security Politics Markets Commodities Energy Santa Ynez US DOE emergency powers oil production domestic energy crude oil energy security