"President Trump's decision to issue a 60-day Jones Act waiver is just another step to mitigate the short-term disruptions to the oil market as the U.S. military continues meeting the objectives of Operation Epic Fury. This action will allow vital resources like oil, natural gas, fertilizer, and coal to flow freely to U.S. ports for sixty days, and the Administration remains committed to continuing to strengthen our critical supply chains."
"The Jones Act is a century-old maritime law requiring that goods shipped between U.S. ports be transported on U.S.-built and flagged vessels. Temporarily waiving this act opens up domestic shipping routes to foreign-flagged vessels, possibly reducing shipping costs and speeding up deliveries."
The Trump administration temporarily waived the Jones Act, a century-old maritime law requiring goods shipped between U.S. ports to use U.S.-built and flagged vessels. This waiver allows foreign-flagged vessels to operate on domestic shipping routes for 60 days, aiming to reduce shipping costs and expedite deliveries of oil, natural gas, fertilizer, and coal. The administration framed this action as addressing short-term market disruptions related to military operations. However, energy experts express skepticism about the waiver's ability to substantially reduce gasoline prices, which currently average $3.842 per gallon—approximately 80 cents higher than a month prior.
Read at www.npr.org
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