Target Russia's energy industry, and tap America's, with Jones Act waiver for LNG

  • 📰 dcexaminer
  • ⏱ Reading Time:
  • 61 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 94%

Business News News

Business Business Latest News,Business Business Headlines

Amending the Jones Act gives Biden a chance to look out for Americans and our allies and take action against Putin, writes TomJoyceSports. 'Even if Biden supports the rest of the act, he should make this one tweak to stand up to Putin.'

Meanwhile, the U.S. is an LNG powerhouse. So if we're so rich in this natural resource, why are we hindering our domestic industry to benefit foreign countries, including Russia?

Proponents of the Jones Act argue that it’s necessary to protect jobs involved in building and staffing ships. However, moving LNG from the Gulf of Mexico to New England by water is a nonexistent industry. No Americans are building ships to do it. Therefore, no Americans are working on ships that do the job either!

Changing the rule would also benefit consumers and help ease inflation. It would lower the cost of natural gas for New Englanders heating their homes during the cold winters while supporting American industry. The move wouldn’t threaten the maritime industry in my congressional district, the Massachusetts 9th District, which includes Massachusetts Maritime Academy. It would, however, negatively affect Russia’s energy sector while putting America first.

Plus, a Jones Act waiver would reduce carbon emissions. The act encourages transportation by truck and rail. They’reUnfortunately, President Joe Biden supports the Jones Act. However, amending the act gives Biden a chance to look out for Americans and our allies and take action against Putin. Even if Biden supports the rest of the act, he should make this one tweak to stand up to Putin.in Massachusetts.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

TomJoyceSports That's great, who is going to tell Putin?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in BUSİNESS

Business Business Latest News, Business Business Headlines