Trump invokes Cold War-era Defense Production Act for oil production, refining
The memo could open federal support for fossil fuel projects as the Energy Department said output may rise by millions of gallons a day.
- 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.
35 Articles
35 Articles
Oil production, processing and related activities are essential to America's national defense, President Donald Trump said in a presidential memorandum on Thursday, invoking part of the Cold War-era Defense Production Act.
Trump invokes Cold War-era Defense Production Act to expand oil production
President Trump announced Thursday that he invoked the Cold War-era Defense Production Act to enable his administration to offer financial incentives for oil-related activities, including drilling, building pipelines and storing liquid fuels. Source: The Washington Times
Trump used Cold War-era law to increase oil production and processing in the U.S. Trump recognized the oil industry as critical to U.S. defense and opened up funding for production, processing, and <p>infrastructure. The solution adopted against the background of rising prices.</p>
(Washington = Yonhap News) Correspondent Park Sung-min = U.S. President Donald Trump said on the 22nd (local time), "The U.S. administration will use the Defense Production Act to [provide] $150 million (approximately 19...
U.S. President Donald Trump triggered the Defense Production Act of 1950 in an attempt to increase domestic production of oil and fuels and curb the rise in price of diesel and gasoline. The law was passed during the Korean War and allowed the federal government to direct funding, loans and guarantees to proceedings identified as important to national security. On April 20, Trump signed a series of presidential memoranda on coal supplies, domest…
Trump announces he'll use Defense Production Act to increase domestic gas production
President Trump invoked the Defense Production Act on Thursday, announcing that the government would be spending $150 million toward boosting domestic gas and diesel production as the White House looks to ease consumer pain at the gas pump. The announcement was made in a presidential memorandum earlier on Thursday, but the president detailed the exact...
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