Thursday, June 13, 2024
Hawai'i Free Press

Current Articles | Archives

Sunday, March 8, 2015
WSJ: Jones Act Biggest Danger to US Oil Production
By Selected News Articles @ 5:34 PM :: 5735 Views :: Energy, Jones Act

WSJ: How the Oil Export Ban Chokes the Fracking Boom

by Holman W. Jenkins, Jr., Wall Street Journal, March 6, 2015 (excerpt)

...(US oil refiners) would be horribly disadvantaged by (US crude oil) exports due to the operation of another idiotic law, the 1920 Jones Act, which allows oil and other cargoes only to be hauled between U.S. ports aboard U.S.-built, -owned and -operated vessels.

It costs $2 a barrel to ship Texas crude to Europe or Asia and $7 to ship it to Philadelphia. If the Jones Act were left in place but the export ban lifted, a great deal of U.S. oil would go to overseas refineries solely to take advantage of cheaper shipping rates.

You may recall that Congress murmured a year ago about rolling back the export ban after analysts at Citigroup started warning of a looming storage crisis. Members quickly sank back to their knees under bludgeoning from shipping, labor and refinery interests. Sen. John McCain, who has battled the Jones Act for a decade, has been a special hero. In a recent hilarious attack, the shipping lobby even claimed the Jones Act was the cure for income inequality.

So forget the Saudis. The biggest danger to America’s fracking revolution may be one of America’s hoariest protectionist lobbies, the Jones Act gang.

read ... The Wall Street Journal


TEXT "follow HawaiiFreePress" to 40404

Register to Vote


Aloha Pregnancy Care Center


Antonio Gramsci Reading List

A Place for Women in Waipio

Ballotpedia Hawaii

Broken Trust

Build More Hawaiian Homes Working Group

Christian Homeschoolers of Hawaii

Cliff Slater's Second Opinion

DVids Hawaii


Fix Oahu!

Frontline: The Fixers

Genetic Literacy Project

Grassroot Institute

Hawaii Aquarium Fish Report

Hawaii Aviation Preservation Society

Hawaii Catholic TV

Hawaii Christian Coalition

Hawaii Cigar Association

Hawaii ConCon Info

Hawaii Debt Clock

Hawaii Defense Foundation

Hawaii Family Forum

Hawaii Farmers and Ranchers United

Hawaii Farmer's Daughter

Hawaii Federation of Republican Women

Hawaii History Blog

Hawaii Jihadi Trial

Hawaii Legal News

Hawaii Legal Short-Term Rental Alliance

Hawaii Matters

Hawaii Military History

Hawaii's Partnership for Appropriate & Compassionate Care

Hawaii Public Charter School Network

Hawaii Rifle Association

Hawaii Shippers Council

Hawaii Together


Hiram Fong Papers

Homeschool Legal Defense Hawaii

Honolulu Navy League

Honolulu Traffic

House Minority Blog

Imua TMT

Inouye-Kwock, NYT 1992

Inside the Nature Conservancy

Inverse Condemnation

July 4 in Hawaii

Land and Power in Hawaii

Lessons in Firearm Education

Lingle Years

Managed Care Matters -- Hawaii

Missile Defense Advocacy

MIS Veterans Hawaii

NAMI Hawaii

National Parents Org Hawaii

NFIB Hawaii News

NRA-ILA Hawaii


OHA Lies

Opt Out Today

Patients Rights Council Hawaii

Practical Policy Institute of Hawaii

Pritchett Cartoons

Pro-GMO Hawaii

Rental by Owner Awareness Assn

Research Institute for Hawaii USA

Rick Hamada Show

RJ Rummel

School Choice in Hawaii

Talking Tax

Tax Foundation of Hawaii

The Real Hanabusa

Time Out Honolulu

Trustee Akina KWO Columns

West Maui Taxpayers Association

What Natalie Thinks

Whole Life Hawaii