Trump invokes Defense Production Act for US oil
President Donald Trump invoked the Defense Production Act to support domestic petroleum production and refining. The move aims to address rising fuel costs ahead of elections amidst global energy supply constraints.
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United States President Donald Trump invoked the Defense Production Act on Thursday afternoon to designate petroleum production and refining as essential to national defense, unlocking federal funding for fossil fuel projects. The presidential memorandum aims to expand domestic capacity following supply disruptions across global energy markets. High fuel costs present a political liability for the administration ahead of the November 3 congressional elections.
