Christopher Guith writes in RealClearEnergy that policymakers should reform the Jones Act.
- Energy Secretary Granholm has sent letters to oil companies asking them to limit exports as the Northeast is expected to have a low supply of oil and gas.
- Rather than asking companies to limit exports, policymakers should reform the Jones Act which inflates the cost of key resources.
- More than a century old, the Jones Act requires shipments between U.S. ports to be done with American-built vessels that are manned by a majority American crew.
- By repealing the Jones Act and allowing the free market to flourish policymakers can help consumers access affordable and reliable energy.
Read the full article here.