Trump to push US officials to use Defense Production Act to raise oil, fuel output, sources say

Kitco Media
By Reuters
Published:
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Reuters
Trump to push US officials to use Defense Production Act to raise oil, fuel output, sources say teaser image

President Donald Trump will soon issue a directive to some of his department heads to find ways to control prices of diesel fuel which are near record highs in the weeks before the November 3 congressional elections that will determine control of Congress, three industry sources said on Friday.

The directive, which could take the form of a presidential memo, will push officials to find ways to bypass local and state regulations blocking energy production and use the Cold War-era Defense Production Act to increase output of oil and fuel, the sources said.

(Reporting by Jarrett Renshaw, writing by Timothy Gardner, Editing by Chris Reese)

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