Thursday, September 14, 2017

Jones Act Waivers In Light Of Hurricanes -- September 14, 2017

Link here:
Independent refiner Phillips 66 says it has chartered a foreign-flagged tanker under a Jones Act waiver President Donald Trump's administration issued to relieve hurricane-related fuel shortages in the southeast US.

The refiner said it used the waiver to charter the Nave Jupiter, which is flagged in the Marshall Islands. The tanker left Houston on 9 September and was docked near Phillips 66's 250,000 b/d Alliance refinery in Louisiana today.
The company previously requested a Jones Act waiver to supply crude to the Alliance refinery, but the company withdrew the request before the administration made a decision.
Phillips 66 is the first company known to use the administration's Jones Act waiver, a law that requires shipments between domestic ports to occur on US-flagged, owned and crewed ships.
US Homeland Security acting secretary Elaine Duke this week signed an order extending the waiver through 22 September, citing "severe disruptions" that Hurricane Harvey caused to the midstream and downstream sectors of the oil industry.
Why do I get the feeling that neither Barack Obama nor Hillary Clinton would have approved these waivers?

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