{"id":3157,"date":"2026-10-23T10:04:22","date_gmt":"2026-10-23T05:04:22","guid":{"rendered":"https:\/\/ipp-news.com\/?p=3157"},"modified":"2026-10-23T10:04:22","modified_gmt":"2026-10-23T05:04:22","slug":"trump-invokes-cold-war-era-defense-production-act-for-oil-production-refining","status":"publish","type":"post","link":"https:\/\/ipp-news.com\/?p=3157","title":{"rendered":"Trump invokes Cold War-era Defense Production Act for oil production, refining"},"content":{"rendered":"<div>\n<p><strong>US President Donald Trump determined on Thursday that petroleum production, refining, and related activities are essential to national defence. This move could open up US funding for fossil fuel projects.<\/strong><\/p>\n<p>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, \u200bpipelines, and storage of liquid fuels.<\/p>\n<p>Prices for crude oil and <a rel=\"noopener noreferrer\" target=\"_blank\" class=\"link--external\" href=\"https:\/\/www.reuters.com\/business\/energy\/global-diesel-prices-seen-staying-high-despite-trumps-deal-with-russia-2026-10-21\/\">diesel<\/a> have \u200bsurged since the US and Israel attacked Iran in joint \u2060action at the end of February.<\/p>\n<p>Since then, the conflict \u200bhas limited energy shipments globally, with Ukrainian attacks on Russian refineries \u200bexacerbating the fuel shortages.<\/p>\n<p>The surge in costs poses a risk for Trump in the November 3 elections, as his fellow Republicans try to maintain control of \u200bboth chambers of Congress.<\/p>\n<p>The Reuters\/Ipsos opinion poll that closed Monday \u200bshows <a rel=\"noopener noreferrer\" target=\"_blank\" class=\"link--external\" href=\"https:\/\/www.reuters.com\/world\/us\/trump-approval-falls-record-low-31-midterms-near-reutersipsos-poll-finds-2026-10-19\/\">just 36% of Americans<\/a> approve of Trump\u2019s handling of the economy.<\/p>\n<p>The memo \u200csaid \u2060that without taking the actions, the US is not able to provide enough of those energy services in a \u201ctimely manner due to constrained financing, long lead times, permitting and infrastructure bottlenecks, and supply \u200bchain limitations.\u201d<\/p>\n<p>The \u200bmemo did not \u2060mention specific projects that could be funded. The US averaged around 13.6 million barrels of daily \u200bcrude production in 2025, making it the largest crude \u200bproducer \u2060worldwide.<\/p>\n<p>Last week, Vice President <a rel=\"noopener noreferrer\" target=\"_blank\" class=\"link--external\" href=\"https:\/\/www.reuters.com\/business\/energy\/trump-administration-expand-delek-texas-refinery-using-defense-production-act-2026-10-13\/\">JD Vance said<\/a> the administration would use the Defence Production Act to expand capacity of a Texas refinery owned \u2060by Delek \u200bUS Holdings.<\/p>\n<p>Trump signed legislation last \u200byear that included $1 billion in Defence Production Act funding for energy-related projects\u202fdeemed critical to \u200bnational security.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>US President Donald Trump determined on Thursday that petroleum production, refining, and related activities are essential to national defence. This move 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, \u200bpipelines, and storage of liquid fuels. Prices for crude oil and diesel have \u200bsurged since the US and Israel attacked Iran in joint \u2060action at the end of February. Since then, the conflict \u200bhas limited energy&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-3157","post","type-post","status-publish","format-standard","hentry","category-english"],"gutentor_comment":0,"_links":{"self":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/3157","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3157"}],"version-history":[{"count":0,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/3157\/revisions"}],"wp:attachment":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3157"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3157"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3157"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}