Trump invokes Cold War-era Defense Production Act for oil production, refining
The move could direct up to $150 million in federal funding to expand domestic fuel output and lower gasoline and diesel prices, officials 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.
76 Articles
76 Articles
Trump’s $150M Plan As DFW Gas Hits $55 Fill-Up
North Texas motorists paid roughly $55 to fill a 15-gallon gasoline tank Friday, about $16 more than a year earlier, as President Donald Trump moved to spend up to $150 million in federal funds to expand American refining capacity. Regular gasoline averaged $3.69 per gallon in Dallas and $3.70 in Fort Worth-Arlington on October 23, […]
Trump Taps Wartime Powers In $150 Million Push To Fire Up U.S. Oil Refineries
President Donald Trump announced plans Thursday to deploy up to $150 million under the Defense Production Act to restart shuttered refineries and expand domestic fuel production. The Department of Energy will direct Title III funds from the Korean War-era emergency statute into private-sector partnerships. The initiative aims to upgrade domestic petroleum processing, storage, and transport […] Trump Taps Wartime Powers In $150 Million Push To Fi…
Trump Leverages Cold War Legislation to Boost U.S. Oil Refining Capacity
President Trump is employing a Cold War law to enhance domestic oil refining, allocating $150 million in federal funds as fuel prices rise, impacting American families and businesses.
Trump Invokes Cold War Law In Push To Expand American Oil Production
President Donald Trump is turning to a powerful Cold War-era law to expand America’s domestic refining capacity, authorizing up to $150 million in federal funding as soaring fuel prices continue to squeeze American families and businesses. The move, announced Thursday, invokes the Defense Production Act of 1950, a law originally designed to strengthen American industry […]
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