3/21, 8:15 PM (Source: TeleTrader)
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WH: DPA one option on oil production

White House Press Secretary Jen Psaki said on Monday that the Defense Production Act (DPA) is one option that the government may choose to address the issues with oil production.

There are other ideas on how to resolve the matter but invoking the DPA was proposed by "a number of people," she told reporters.

The move would "mean giving government funding to companies or to purchase products" and the policy has been already applied to COVID-related supplies, she specified.

Baha Breaking News (BBN) / MS