Source: United States & Canada – South China Morning PostUS President Donald Trump determined on Thursday that petroleum production, refining and related activities are essential to national defence, a move that could open up US funding for fossil fuel projects.
In a presidential memo, Trump also invoked part of the Cold War-era Defence Production Act, allowing him to provide financial incentives for oil-related activities, pipelines and storage of liquid fuels.
Prices for crude oil and diesel have surged since the US and Israel attacked Iran in…Read More