Colin Grabow of the Cato Institute explains the political dynamics and special-interest lobbying that maintain the 1920 Jones Act.
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“It is written into Alaskan state law, it is a duty of the governor to lobby for the Jones Act's repeal, and yet all three members of the Alaska delegation are pro-Jones Act.”
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More from Colin Grabow
AssertionSupported
Grabow: US-built container ships cost five times more than international builds
“By the 19 thirties, it was up to a 50% premium for U.S. Built ships. By the 19 fifties, a U.S. Built ship was double the cost of one built abroad. By the 19 nineties, it was triple the cost of one built abroad, and today, a U.S. Built container ship is somewhe…”
Colin GrabowApr 18, 2024▶ 8:49How an obscure, 100-year old law is disrupting U.S. energy
AssertionPartly supported
Grabow: Foreign shipyard workers earn more than Americans despite building cheaper ships
“Well, the data suggests, actually, that workers in South Korea and Japan and Europe, they make more than Americans, and yet the ships are still significantly cheaper, so that's interesting.”
Colin GrabowApr 18, 2024▶ 11:35How an obscure, 100-year old law is disrupting U.S. energy
AssertionSupported
Grabow: Zero Jones Act-Compliant LNG Tankers Exist in the United States
“We can't transport it by water to other parts of the United States because there are no LNG tankers that comply with the Jones Act.”
Colin GrabowApr 18, 2024▶ 17:26How an obscure, 100-year old law is disrupting U.S. energy
AssertionSupported
Grabow: Ships transport only about 2% of US freight
“If you look at The data, something like only two percent of freight in the United States is transported by ships. You add in barges, that's like another four percent. So we're well under 10% for water transport in the U.S.”
Colin GrabowApr 18, 2024▶ 13:18How an obscure, 100-year old law is disrupting U.S. energy
AssertionSupported
Grabow: East Coast refineries import more foreign oil than domestic oil
“East Coast refineries, say, in the Mid-Atlantic they import more oil from places like Libya or the Middle East or Nigeria than they do from Texas, from the Gulf Coast.”
Colin GrabowApr 18, 2024▶ 16:15How an obscure, 100-year old law is disrupting U.S. energy
AssertionSupported
Grabow: U.S. LNG Tankers Cost $700M to Build Versus Under $200M in South Korea
“A few years ago, the Wall Street Journal estimated that to build an LNG tanker in the United States would cost around seven hundred million dollars, whereas at that time you could buy one for, I think, less than two hundred million in South Korea.”
Colin GrabowApr 18, 2024▶ 18:58How an obscure, 100-year old law is disrupting U.S. energy
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