Trump invokes Cold War-era Defense Production Act for oil production, refining
The move could open U.S. funding for fossil fuel projects and allow incentives for pipelines and liquid fuel storage, the memo said.
- On Thursday, President Donald Trump determined petroleum production and refining are essential to national defense, invoking the Cold War-era Defense Production Act to provide financial incentives for oil infrastructure projects.
- Prices for crude oil and diesel have surged since the United States and Israel attacked Iran in February, while Ukrainian attacks on Russian refineries are exacerbating global fuel shortages.
- Last week, Vice President JD Vance said the administration would use the Defense Production Act to expand a Texas refinery owned by Delek, drawing on $1 billion in previously signed funding.
- A presidential memo notes infrastructure bottlenecks and financing constraints currently hinder energy services, despite the United States averaging around 13.6 million barrels of daily crude production in 2025.
- Ahead of the November 3 elections, surging energy costs pose political risk for Trump; a Reuters/Ipsos poll closing Monday shows only 36% of Americans approve of his economic handling.
11 Articles
11 Articles
Trump invokes Defence Production Act to boost oil production and refining
US President Donald Trump determined on Thursday that petroleum production, refining and related activities are essential to national defence, a move that could open up US funding for fossil fuel projects. In a presidential memo, Trump also invoked part of the Cold War-era Defence Production Act, allowing him to provide financial incentives for oil-related activities, pipelines and storage of liquid fuels. Prices for crude oil and diesel hav…
Trump used the law of the Korean War to stimulate fuel production, according to a memorandum released by the White House of the head of state
Trump used a law dating back to the Korean War to stimulate fuel production, according to a memorandum released by the White House from the head of state.He invoked the law on the manufacture of military products, allowing the Pentagon to purchase...
Trump invokes Cold War era Defense Production Act for oil production, refining
Trump invokes Cold War-era Defense Production Act for oil production, refining
WASHINGTON, Oct 22 (Reuters) - US President Donald Trump determined on Thursday that petroleum production, refining, and related activities are essential to national defense, a move that could open up US funding for fossil fuel projects. In a preside...
Presidential Determination Pursuant to Section 303 of the Defense Production Act of 1950, as Amended, on Domestic Petroleum Production, Refining, and Logistics Capacity
MEMORANDUM FOR THE SECRETARY OF WAR SUBJECT: Presidential Determination Pursuant to Section 303 of the Defense Production Act of 1950, as Amended,
According to the decision text released by the White House, Trump has taken a new step under the "National Energy Emergency" executive order he announced for January 20, 2025. Accordingly, resilient domestic oil production, refining, and logistics...
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