Sable Offshore's Uphill Battle: Debt, Permits, and Public Support

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Recorded10 Nov 2025

Publisherfeeds.acast.com ↗

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Sable Offshore Corporation faces a tumultuous journey, attempting to revive old offshore fields in California. Despite recent permit denials, debt, and short sellers bets against the company, Sables largest investor has seen a staggering loss of over $450 million in six months. The companys efforts to restart oil production are met with resistance, and its path forward seems increasingly uncertain, with the Santa Barbara Board of Supervisors rejecting permit transfers. This situation underscores the strong opposition to offshore oil development in the region, leaving Sable at a critical crossroads.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.

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