What the Jones Act Has to Do With Your Car’s Gas Tank



If the Colonial Pipeline is restarted inside per week, analysts say overseas tankers wouldn’t arrive on the East Coast in time to do a lot good, because the journey from the Gulf to New York harbor would take an estimated six to seven days. The water-based alternate options embody extra overseas cargoes making a 10-to-14 day trek from Europe, and enlisting extra Jones Act-compliant vessels. There are some 57 eligible U.S.-flagged tankers, based on information from the Maritime Administration, however a few of these haul chemical substances and others serve Alaska, so that they’d be of little use within the present disaster. By one estimate, utilizing a Jones Act-compliant tanker provides $5 per barrel to the price of transporting oil.



source link

For all of the latest Business News Click Here

For the newest information and updates, follow us on Google news.

Leave a comment

Your email address will not be published. Required fields are marked *