President Donald Trump determined that petroleum production, refining, and related activities are essential to national defense, potentially unlocking U.S. funding for fossil fuel projects. His memo enables financial incentives for oil projects, pipelines, and liquid fuel storage. The decision follows a surge in crude oil and diesel prices caused by the conflict involving the United States, Israel, and Iran, as well as Ukrainian attacks on Russian refineries. The United States averaged 13.6 million barrels of crude oil production per day in 2025, and the administration plans to use the law to expand the capacity of Delek US Holdings’ Texas refinery.
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