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Notice 14156NoticeTrump 47 · R Quiet signal

Presidential Notice 14156

Continuation of the National Emergency With Respect to Energy

This notice continues for one year a national emergency declared by Executive Order 14156 on January 20, 2025, regarding insufficient U.S. energy and critical minerals production, transportation, refining, and generation. The continuation is based on findings that inadequate energy supply and infrastructure—attributed to prior federal, state, and local policies—continue to threaten national security, foreign policy, and the economy.

Federal Register Open PDF 91 FR 1667

Impact dates

  1. Continued national emergency expires unless further extended

Market exposure

Policy exposure mapping — not investment advice. Illustrative public companies are incomplete and not recommendations.

Sectors

Oil & gasCritical mineralsDefense primesSteel & aluminumAutos

Mechanisms

ProcurementLicensing

Role pressure

  • ProtectiveDomestic producer — Emergency framing and criticism of supply constraints signal potential preferential treatment for domestic energy and critical minerals development
  • MixedProject developer — Potential streamlined federal permitting but possible preemption conflicts with state/local jurisdictions in Northeast and West Coast
  • ProtectiveDownstream manufacturer — Emphasis on affordable energy supply for manufacturing, transportation, agriculture, and defense suggests cost stabilization intent

Geographies

USOTHER

Exposure dates

  • — Continued national emergency expires unless further extended

Illustrative public companies

Curated watchlist matches by sector/role — incomplete; not a recommendation.

ALBAlbemarleAAAlcoaBABoeingCENXCentury AluminumLNGCheniere EnergyCVXChevronCLFCleveland-CliffsCOPConocoPhillipsDQDaqo New EnergyXOMExxon MobilFFordFCXFreeport-McMoRanGEVGE VernovaGDGeneral DynamicsGMGeneral MotorsHYMTFHyundai MotorLMTLockheed MartinMPMP MaterialsNOCNorthrop GrummanNUENucorRTXRTXSHELShellSQMSQMSTLAStellantis

Confidence: medium · Policy alerts

Key directives

  • Continue national emergency declared in Executive Order 14156 for 1 year beyond January 20, 2026
  • Publish notice in Federal Register
  • Transmit notice to Congress

Timeline

Immediate

  • National emergency continues in effect beyond January 20, 2026

Near term (90d)

  • Potential exercise of emergency authorities under IEEPA or other statutes linked to EO 14156

Long term

  • Sustained framework for potential energy policy actions through January 2027; possible ongoing preemption of state/local energy policies

Risks & tensions

  • Explicitly blames 'previous administration' and 'State and local policies' for energy shortfalls, creating intergovernmental tension
  • Northeast and West Coast specifically singled out for 'harmful' policies, suggesting regional targeting
  • Vague statutory basis for specific actions—continuation itself is procedural, but underlying EO 14156 may authorize broad economic powers
  • Grid reliability and 'hostile foreign actors' framing elevates stakes but lacks concrete metrics for emergency termination
Presidential Notice 14156: Continuation of the National Emergency With Respect to Energy · Executive Orders