Bizarre Oil Trade
The Jones Act creates a paradox where U.S. oil is often exported to foreign countries rather than being distributed domestically, leading to East Coast refineries importing oil from Africa and the Middle East instead of Texas. Similarly, despite being the world's leading exporter of liquefied natural gas, the U.S. cannot transport it by water to other states due to compliance issues with the Jones Act, resulting in New England relying on imports from places like Nigeria and Trinidad.In this clip
From this podcast
Catalyst with Shayle Kann
How an obscure, 100-year old law is disrupting U.S. energy
Related Questions