Impact of Trump's Defense Production Act move to boost energy supplies uncertain: analysts

The Trump administration’s invocation of the Defense Production Act was designed to accelerate US energy supply growth and lower consumer prices, but any impacts on domestic industry participants would be uncertain, subject to legal challenges, and likely to vary across sectors, analysts and trade groups told Platts. US President Donald Trump on April 20 invoked Section 303 of the DefenseThe Trump administration’s invocation of the Defense Production Act was designed to accelerate US energy supply growth and lower consumer prices, but any impacts on domestic industry participants would be uncertain, subject to legal challenges, and likely to vary across sectors, analysts and trade groups told Platts. US President Donald Trump on April 20 invoked Section 303 of the DefenseRead More