Oil CEO urges Newsom to do the 'math' as California governor vows to stop offshore drilling

This material may not be published, broadcast, rewritten, or redistributed. ©2026 FOX News Network, LLC. All rights reserved. Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by Factset. Powered and implemented by FactSet Digital Solutions. Legal Statement. Mutual Fund and ETF data provided by LSEG. Sable Offshore Corporation CEO Jim Flores criticizes California Gov. Gavin Newsom’s stance on offshore oil drilling on ‘The Ingraham Angle.’ Sable Offshore Corp. CEO Jim Flores argued Tuesday that the company’s restored oil drilling off the California coast will provide a significant boost to consumers as the state vows to pump the brakes on production. "Gavin [Newsom] should be doing the math and realizing that, hey, this is the best thing that happened — to lower consumer prices for Californians," Flores told "The Ingraham Angle." Energy Secretary Chris Wright on Friday directed the Houston-based oil and gas company to restore operations at the Santa Ynez Unit and the Santa Ynez Pipeline System off the coast of Santa Barbara after the Trump administration invoked the Defense Production Act, saying the move is necessary to address oil supply disrupt