Trump to declare a National Energy Emergency - will enable him to use new powers ...Middle East

Bloomberg report:

Trump is poised to invoke emergency powers as part of his plan to unleash domestic energy production, according to people familiar with the matter

In general, when a U.S. president declares a national emergency, they gain access to broad executive powers that allow them to bypass certain legal and regulatory restrictions. These powers, derived from over 100 special statutory provisions, enable the president to reallocate military funds, impose economic sanctions, freeze assets, control transportation, limit trade, and deploy troops domestically. They can also seize communication facilities, restrict civil liberties, and take emergency measures in areas like public health, cybersecurity, and national defense. However, Congress can challenge or terminate the emergency, and courts may review actions to ensure they align with constitutional limits.

This pic may be of a sunrise for the US energy sector.

This article was written by Eamonn Sheridan at www.forexlive.com.

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