Heiden: It’s high tide, we’re eliminating the Jones Act | Chroniclers
It is not surprising that with the decrease in American merchant ships, we have seen an increase in the cost of transporting fuel. As Keli’i Akina, CEO of the Grassroot Institute of Hawaii, put it in an opinion piece in The Hill, “Shipping oil from Texas to New England costs about $ 6 a barrel, while shipping to Europe costs only $ 2 a barrel. This type of protectionism costs the oil industry alone more than $ 158 million each year. “
Without merchant ships, we have to transport fuel by pipeline, rail or truck (although trucks also depend on oil). When oil is transported by more direct routes (i.e. pipelines or ships), the cost goes down.
Trucks are also used to ship most American goods, ultimately costing the roads more, causing our taxpayer-funded infrastructure to deteriorate more rapidly. It adds to the costs to our climate of transporting fuel using that same fuel source. With inflation and rising fuel prices at the forefront of Americans’ concerns, removing the Jones Act altogether could dramatically reduce the cost of moving goods and prevent rising fuel costs from driving more people. in poverty.
Biden’s temporary lifting of the Jones Act is a reversal of his Jan. 25 executive order in which he said he supported the Jones Act to “keep jobs in America.” Despite this, Biden realized he needed to remove barriers to gasoline transportation security due to the recent ransomware attack.