Trump Shipping Waiver Fails to Increase Domestic Oil Flows
President Trump's Jones Act waiver has not increased domestic fuel flows. Refiners are instead exporting record volumes to Europe and Asia for higher profits.
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Xurve View
The recent decision by the administration in the United States to allow foreign-flagged cargo ships to transport fuel between domestic ports has yet to result in a significant increase in domestic oil supply. According to trade data and industry analysts, American refiners and shippers are finding it more profitable to send fuel to international markets rather than domestic ones.
