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Apr 1, 2022

Fox News guest, Charles Payne, goes off about how excited he is for the gas companies profiting off rising gas prices. John Iadarola and Brett Erlich break it down on The Damage Report.
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Read more here:
Biden to invoke Defense Production Act for electric vehicle battery materials - https://www.cnbc.com/2022/03/31/biden-to-invoke-defense-production-act-for-ev-battery-materials.html
"President Joe Biden will invoke the Defense Production Act to encourage domestic production of minerals required to make batteries for electric vehicles and long-term energy storage. It will also help the U.S. minimize dependence on foreign supply chains.
The president’s order could help companies receive government funding for feasibility studies on projects that extract materials, including lithium, nickel, cobalt, graphite and manganese, for EV production.
The Defense Production Act, established by President Harry Truman during the Cold War, allows the president to use emergency authority to prioritize the development of specific materials for national production."
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  • 4 minutes
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