Trump Taps Wartime Powers In $150 Million Push To Fire Up U.S. Oil Refineries
Oct 24, 2026
President Donald Trump announced plans Thursday to deploy up to $150 million under the Defense Production Act to restart shuttered refineries and expand domestic fuel production. The Department of Energy will direct Title III funds from the Korean War-era emergency statute into private-sector partne
rships. The initiative aims to upgrade domestic petroleum processing, storage, and transport […]
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