Posted on 07/24/2013 8:43:50 AM PDT by New Jersey Realist
Gasoline costs in the U.S. could fall as much as 30 cents a gallon if lawmakers would repeal a controversial shipping law, industry experts say.
The longstanding Jones Act—a section of The Merchant Marine Act of 1920—which requires any ship that carries goods or commodities in U.S. waters be American made, owned, operated and carry a U.S. flag, is being highlighted by one oil CEO as a reason behind the high price of gasoline in the U.S. and particularly in Florida.
(Excerpt) Read more at cnbc.com ...
This is the very reason why ALL cruise ships with a home port in the U.S. visit at least one foreign port.
Better solutions would be to eliminate ethanol requirements and build the Keystone Pipeline. Would also have the benefit of lowering food prices by T least 10-15%.
Well, in part due to the unions, we barely have any American seamen and thus they don't have any living conditions at all.
Excuse me, but what does that have to do with the fact that the primary intent of the Jones Act was to protect unions?
In part maybe, but the principal reason for out flagging was to avoid the taxes on all the revenue made by putting American ships under Liberian, Panama and other countries.Foreign flagged ships do not pay taxes to the U.S. government even though they are owned by American companies. Some foreign ships (like Scandinavian ships) actually have better working conditions and higher pay than American ships? And yes, I do know what I’m talking about. BTW, for which American shipping company do you, or did you, work for?
it would be the death of the US ship industry, what is left of it.
Other countries opendly subsidize and prop up thier ship industries.
This is CNBC. The insiders of wallstreet channel.
The longstanding Jones Act... which requires any ship that carries goods or commodities in U.S. waters be American made, owned, operated and carry a U.S. flag, is being highlighted by one oil CEO as a reason behind the high price of gasoline in the U.S. and particularly in Florida.Gosh, it's almost as if we should make sure someone besides an American owns both supply and distribution of a product we can't do without.
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