Offshore oil plan was 'primed for cash flow,' but then it hit California regulators
NegativeU.S News
A Texas company is facing significant hurdles in its plan to drill for oil off the coast of Santa Barbara County. Experts indicate that the regulatory environment is becoming increasingly challenging, which could jeopardize the company's path to oil sales. This situation is important as it highlights the ongoing tensions between energy development and environmental regulations, particularly in sensitive coastal areas.
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