Alex Epstein

@AlexEpstein ↗

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Last Checked Nov. 19, 2022

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Thu Nov 10 16:48:02 +0000 2022

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Alex Epstein @AlexEpstein

Another US diesel shortage cause: The Jones Act The Jones Act requires, for no good reason, goods transported between two US ports to a US-built ship under the US flag. There are only 56 tankers that meet these requirements, and because they’re scarce they’re more expensive. — PolitiTweet.org

Posted Nov. 10, 2022

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Alex Epstein @AlexEpstein

In a letter this year, responding to Biden's accusation of "price gouging," the refining industry pointed out that it's at almost maximum utilization rates, and that additional capacity for oil-based fuels is difficult to bring online given the policy environment. https://t.co/U6QnwmfbHB — PolitiTweet.org

Posted Nov. 10, 2022

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Alex Epstein @AlexEpstein

Because of the Jones Act, most US diesel from Houston cannot travel by ship to Boston. Instead, Houston diesel must be shipped to some other country (e.g., South Korea) and Boston must get any shipped oil from some other country (e.g., Russia). This is bizarrely inefficient. — PolitiTweet.org

Posted Nov. 10, 2022