Houston Chronicle U.S. oil companies battered by the crude price war between Saudi Arabia and Russia are encouraging the Trump administration to waive a law that mandates only American vessels can be used to transport goods among U.S. ports. A temporary waiver of that law, known as the Jones Act, “can allow American producers to move domestic products with greater
From the Washington Examiner A pair of Republican Louisiana senators said Wednesday they received assurances from President Trump that he would not grant waivers to bypass the Jones Act, a century-old law regulating domestic maritime commerce, to ease the transport of natural gas to the Northeast and Puerto Rico. The office of Sen. Bill Cassidy said he and other members
From Bloomberg President Donald Trump is seriously considering waiving the requirement that only U.S. flagged vessels can move goods from American ports to Puerto Rico or energy-starved areas of the Northeast, according to people familiar with the deliberations. The issue was debated during an Oval Office meeting on Monday, following requests from Puerto Rico and pressure from oil industry leaders
From Bloomberg More than a decade in and the U.S. shale boom keeps breaking output records, with fields from Pennsylvania to Texas producing more natural gas than the country needs. That has triggered billions of dollars of investments to ship liquefied natural gas overseas. Yet the U.S. is still importing LNG from places such as Russia and Nigeria. There are
From gCaptain – Don Martin An explosion on October 9 to the Enbridge natural gas pipeline in Canada near Prince George B.C. threatens natural gas distribution to the refineries located in Anacortes, Washington. Refineries in the Anacortes area in Washington state depend on the Canadian natural gas supply to run several of their units that refine crude oil. As a
The Arctic National Wildlife Refuge (ANWR) is located on the northern coast of Alaska, due east of both Prudhoe Bay and the National Petroleum Reserve-Alaska (NPRA). The coastal plain (the 1002 Area) covers 1.5 million acres and is about 8% of the total area of ANWR. In its latest (1998) resource assessment, the United States Geological Survey (USGS) estimated that
From WorkBoat U.S. Customs and Border Protection officials are poised to revise nearly 30 Jones Act related rulings dating back 40 years affecting the offshore oil and gas industry. Maritime industry groups that have long criticized those rulings as “loopholes” that opened the Gulf of Mexico to foreign shipbuilders and workers praised the Jan. 18 notice issued by CPB under
In this final installment, former Shell Oil Company President John Hofmeister talks about the false notion of energy independence, the need for two-way oil and gas trading, the Jones Act, removing barriers to the movement of energy, and the Keystone XL pipeline View PDF of Slides – Download Video File John D. Hofmeister is a seasoned business leader with strong views about U.S.
The Jones Act is the nickname for a 94-year-old law entitled the Merchant Marine Act of 1920 that allows only U.S.-made, U.S.-manned, and U.S.-flagged ships to transfer goods or passengers between U.S. ports. Although it was meant to protect domestic U.S. seaborne commerce from foreign competition, in today’s global economy, it has the effect of making shipping oil between U.S. ports,
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