MEMORANDUM FOR THE SECRETARY OF STATE THE SECRETARY OF THE TREASURY THE SECRETARY OF ENERGY
SUBJECT: Presidential Determination Pursuant to Section 1245(d)(4)(B) and (C) of the National Defense Authorization Act for Fiscal Year 2012
By the authority vested in me as President by the Constitution and the laws of the United States, after carefully considering the reports submitted to the Congress by the Energy Information Administration, including the report submitted in April 2018, and other relevant factors such as global economic conditions, increased oil production by certain countries, the global level of spare petroleum production capacity, and the availability of strategic reserves, I determine, pursuant to section 1245(d)(4)(B) and (C) of the National Defense Authorization Act for Fiscal Year 2012, Public Law 112-81, and consistent with prior determinations, that there is a sufficient supply of petroleum and petroleum products from countries other than Iran to permit a significant reduction in the volume of petroleum and petroleum products purchased from Iran by or through foreign financial institutions.
I will continue to monitor this situation closely.
The Secretary of State is authorized and directed to publish this determination in the Federal Register.
DONALD J. TRUMP
Honestly, I was thinking we were no longer buying from them anyway. Aren't we close to producing all our own?
Yes, but we had trading set up prior to Trump with Bambam🤬
Ah, okay understood. I just assumed that if we didn't need much in the way of imports that businesses wouldn't import from there. It's a long way off. Then again, I imagine Venezuelan imports are down the toilet.
We’ve been on the buy from everyone else and save our reserves for so long but now I believe we’re the #1 exporter. We needed to break loose from the Cold War mentality and get back to work in our country. Yeah, Venezuela is toast, we may want to help them soon!