President Trump Invokes Defense Production Act to Boost Oil Production

President Donald Trump issued a presidential memorandum invoking the Defense Production Act of 1950 to declare petroleum production, refining, and related activities essential to national defense. This action aims to boost domestic oil production and lower energy prices amidst supply disruptions caused by the U.S. and Israel's war against Iran, and comes after a national energy emergency declaration in January 2025. The memorandum waives certain congressional notification and authorization constraints under Section 303 of the Act.