Trump Set To Suspend Jones Act To Help Tame Oil Prices

Trump Set To Suspend Jones Act To Help Tame Oil Prices One day after the Trump administration flip-flopped on using the Strategic Petroleum Reserve (SPR) - eventually deciding to release 172 million barrels to try and counter the rising price of oil, they're now planning to issue temporary waivers for a century-old maritime law, the Jones Act, that requires American-built ships to be used to transport goods between US ports, in yet another attempt to control crude.  Under the...

By Tyler Durden