AXIOS (Ben Geman) - Trump invokes Cold War law in move to boost energy supply
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. Why it matters: His use of the Defense Production Act comes amid high gasoline prices during the Iran war, and rising power costs. - The series of presidential memos Trump signed are needed for the Energy Department to use funding secured in last year's GOP budget law, a White House official said. Driving the news: 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…
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. Why it matters: His use of the Defense Production Act comes amid high gasoline prices during the Iran war, and rising power costs. - The series of presidential memos Trump signed are needed for the Energy Department to use funding secured in last year's GOP budget law, a White House official said. Driving the news: 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…Open
