đșđž BREAKING: Trump just put Americaâs oil industry on a national-defense footing as Brent crude surges above $113.
The President has officially determined that U.S. petroleum production, refining and related energy capacity are âessential to the national defense.â
And this is a serious move.
The new memo invokes the Defense Production Act to help expand:
âą Oil drilling and production
âą Refineries
âą Pipelines
âą Fuel storage
âą Marine terminals
The Pentagon, led by Defense Secretary Pete Hegseth, is directed to support these projects through purchases, commitments and financial arrangements.
Trump is also waiving standard Defense Production Act requirements to speed up the expansion of domestic capacity.
The reason? The administration says the oil industry cannot scale fast enough on its own because of financing problems, long permitting timelines, infrastructure bottlenecks and supply-chain limits.
And the timing is impossible to ignore.
Brent crude has surged to around $113 a barrel as global energy markets face growing supply and geopolitical risks.
This also marks Trumpâs second major Defense Production Act push for oil this year, following the April action when Brent was around $95.
Washington is clearly signaling one thing:
America wants more control over its own energy supply â and it is now treating oil capacity as a matter of national security.
The President has officially determined that U.S. petroleum production, refining and related energy capacity are âessential to the national defense.â
And this is a serious move.
The new memo invokes the Defense Production Act to help expand:
âą Oil drilling and production
âą Refineries
âą Pipelines
âą Fuel storage
âą Marine terminals
The Pentagon, led by Defense Secretary Pete Hegseth, is directed to support these projects through purchases, commitments and financial arrangements.
Trump is also waiving standard Defense Production Act requirements to speed up the expansion of domestic capacity.
The reason? The administration says the oil industry cannot scale fast enough on its own because of financing problems, long permitting timelines, infrastructure bottlenecks and supply-chain limits.
And the timing is impossible to ignore.
Brent crude has surged to around $113 a barrel as global energy markets face growing supply and geopolitical risks.
This also marks Trumpâs second major Defense Production Act push for oil this year, following the April action when Brent was around $95.
Washington is clearly signaling one thing:
America wants more control over its own energy supply â and it is now treating oil capacity as a matter of national security.