Trump Pushes Defense Production Act to Boost Oil Output as Diesel Nears Record Highs
Updated
Updated · Reuters · Oct 9
Trump Pushes Defense Production Act to Boost Oil Output as Diesel Nears Record Highs
3 articles · Updated · Reuters · Oct 9
Summary
Trump is set to direct department heads to find ways to curb diesel prices by raising U.S. oil and fuel output, according to three industry sources.
The directive—potentially a presidential memo—would press officials to use the Cold War-era Defense Production Act and bypass local and state rules that block energy production.
Diesel prices are near record highs, making fuel costs a political pressure point in the weeks before the Nov. 3 congressional elections that will decide control of Congress.