Jones Act
March 8, 2012, 00:08
Filed under: Uncategorized | Tags: cabotage, east coast refineries, EIA, impact of refinery closures, Jones Act, refineries, refinery closures, tankers
Filed under: Uncategorized | Tags: cabotage, east coast refineries, EIA, impact of refinery closures, Jones Act, refineries, refinery closures, tankers
The little-known Jones Act. Via the EIA’s report on potential refinery closure impacts: http://www.eia.gov/analysis/petroleum/nerefining/update/pdf/neprodmkts.pdf
(The impact of refinery closures, by the way: Potential short-term supply disruptions and price spikes, due to transportation and other logistical issues. It’s not that there won’t be enough gasoline, there just might not be enough for a while in those places that used to be supplied by the shut refineries. Then, those supply networks are developed and those problems ease, although longer supply lines may add some to the final retail price.)
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