Pacific Coast Oil Trust stock price

Pacific Coast Oil Trust latest news:

  • 01/09/2018 17:20:13

    After complaints, Trump administration says no new Florida offshore drilling

    The Trump administration said Tuesday it would withdraw Florida from consideration for potential new offshore oil drilling following criticism from Republican Gov. Rick Scott. After meeting with Scott on Tuesday, Interior Secretary Ryan Zinke said Florida offshore drilling was now "off the table," according to the Associated Press. Last week, Zinke said nearly all offshore areas on the Pacific and Atlantic coasts would be opened up to potential oil and gas leases. But offshore drilling is deeply unpopular in coastal states because of the risk of environmental catastrophe. On Monday, Maine's senators voiced opposition to potential drilling off their state, and California's lawmakers have vowed to fight the Trump administration's plan. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.

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