Energy Secretary Chris Wright just issued a directive, paving the way for a company to restart an oil pipeline off the California coast that state officials have kept offline since 2015. The Energy Department stated that this is a way to reduce our reliance on oil imports that come through the Strait of Hormuz. International concern is so high that an inaccurate tweet from Wright caused the market to spiral.
According to Politico, President Donald Trump delegated some of his authority under the Defense Production Act to Wright. It is a 1950 law that gives the president power over the domestic industry when it comes to national defense.
