Oct. 24 at 5:43 PM
$SOC Excellent move by Sable to publish the OSFM letter and their very thorough response. It appears OSFM completely reversed their position last week, after numerous discussions and tests (including in-line inspections going back to 2022 and successful hydrotests this year) in which OSFM THEMSELVES confirmed integrity of the pipeline.
It's seeming more and more that the fix is in against this pipeline becoming operational. Just not sure what the future holds for us Californians. The state is begging someone/anyone to buy and operate the Valero Benicia refinery, so they must have some intention to continue refining in-state crude. How this whole broader situation plays out has huge implications beyond just our gas prices, we're talking aviation, defense, agriculture, the whole shebang. I'm sure they have it all planned out!