U.S. Reduces Energy Export Dependence via Strait of Hormuz, Pushing for Restart of California Oil Pipeline
Svmuu News U.S. Energy Secretary Wright took action on Friday to counter two major "adversaries" of the Trump administration: oil supply disruptions caused by the Iran war and California Governor Gavin Newsom. Wright issued an order clearing the way for a company operating near the California coast to restart an oil pipeline that had been shut down by state officials since 2015. The Department of Energy characterized this move as a way to reduce dependence on oil imports passing through the Strait of Hormuz. The Department of Energy wrote in its announcement: "Today, over 60% of the oil used by California refineries comes from overseas, with a significant portion transported via the Strait of Hormuz—posing a serious national security threat." Wright stated in a declaration that this action will "strengthen U.S. oil supply and restore a pipeline system critical to our national security and defense, ensuring that military facilities on the West Coast have reliable energy crucial to combat readiness." (Jin10)
Source:Odaily · Source Link
Disclaimer: This content reflects only the author’s personal views and does not constitute any investment or financial advice. If you discover any content that violates regulations,Click to Report
24H Trending
-
1
How do I buy and sell THO tokens? On which exchanges is the Thorus token listed?
-
2
How do I buy and sell URQA tokens? Which decentralized exchanges are they listed on?
-
3
What Is CPS? An Analysis of the Crypto Project Behind the Multi-Meaning Acronym and an Assessment of Investment Risks
-
4
What Is EADX? An Analysis of the Current Market Situation and Trading Platforms
-
5
Decred (DCR) Project Analysis: Hybrid Consensus, Decentralized Governance, and Market Performance
-
6
pBTC Token Trading Guide: An Analysis of Platforms for Buying and Trading the Two Types of pBTC on Solana and EVM Chains
-
7
BUSD Stablecoin: An Analysis of Its Definition, Rise and Fall, and Current Status
-
8
In-Depth Analysis of the GRASS Token and Perpetual Contracts: A New Paradigm for Decentralized Bandwidth Sharing; Clarification on GRND Exchange Information
-
9
Korean Shipbuilders Sweep Up LNG, Ammonia Orders as Energy Demand Holds Firm
-
10
What Is MIOTA? An Analysis of the IOTA Project’s Core Token and a Trading Guide
Markets Today
Recommended Reading











