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Colin Grabow of the Cato Institute
Manage episode 393230261 series 3441209
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The Jones Act is always in the top ten for worst US economic policies. Passed in 1920, it basically restricts all goods and services transported between US sports to be on US built, owned and crewed vessels. While that sounds great it skyrockets costs on US citizens particularly those in Puerto Rico, Alaska and Hawaii. Why does this matter to us energy geeks? Because the US doesn’t have a Jones Act compliant ship that can transport LNG, Massachusetts imports LNG from primarily Trinidad but occasionally from Russia. WTF?!? Colin is an expert on the Jones Act and breaks it all down for us.
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