Trump Invokes the Defense Production Act to Expand U.S. Domestic Oil Capacity
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On October 22, 2026, U.S. President Donald Trump signed a memorandum invoking the Defense Production Act of 1950 to expand domestic U.S. oil production, refining, and logistics infrastructure to safeguard defense energy supplies. The memorandum directs Secretary of War Pete Hegseth to use procurement, commitments, and financial instruments to cover oil exploration and production, storage, marine terminals, and gathering pipelines; Trump also waived routine statutory requirements under the act. He had previously issued Executive Order 14156 in January 2025, declaring a national emergency under the National Emergencies Act. ZeroHedge reported that Brent crude has now risen above $113 per barrel, with average U.S. regular gasoline at $4.27 per gallon and diesel at $6.30 per gallon.
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- ZeroHedgeTrump Invokes the Defense Production Act of 1950 to Boost U.S. Oil Production
U.S. President Trump signed a memorandum on October 22 invoking the Defense Production Act of 1950 to expand domestic oil production, refining, and logistics infrastructure to safeguard defense energy supplies. The act allows the president to incentivize domestic production of critical materials through direct procurement, loan guarantees, and other means; Trump also waived routine statutory requirements under the act. Brent crude has now risen above $113 per barrel, with the average U.S. regular gasoline price at $4.27 per gallon and diesel at $6.30 per gallon.
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