Source: Axios
“President Trump said Monday he’ll use a Cold War-era national security law to try and bolster domestic production of motor fuels and electricity. His use of the Defense Production Act comes amid high gasoline prices during the Iran war, and rising power costs. … The memos address petroleum production and refining, coal-fired power, natural gas pipelines and processing, and more. They invoke the 1950 law that gives presidents substantial powers to try to bolster private industrial production of materials and supply chains deemed vital to U.S. security.” [editor’s note: Trump and Biden both used the DPA during COVID as well. It doesn’t accomplish much, other than signaling to the serfs who claims to be in charge – TLK] (04/20/26)
https://www.axios.com/2026/04/20/trump-energy-fuel-cold-war-defense-law