Prolonged port strike could shake up the oil and gas industry, experts say

  • 📰 FoxBusiness
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 53%

Business News News

Business Business Latest News,Business Business Headlines

The Department of Energy says the ongoing strikes at U.S. ports will not impact the imports and experts of crude oil or natural gas, but experts warn the industry could take a hit.

The union dockworkers strike that began early Tuesday impacting dozens of U.S. ports is not expected to disrupt the oil and gas industry right away, but experts say that will eventually change if the work stoppage lasts long enough.

The Associated Builders and Contractors , the National Association of Wholesaler-Distributors , the National Retail Federation , the National Association of Manufacturers , the U.S. Chamber of Commerce and other groups have issued statements urging Biden to use his authority under the Taft-Hartley Act to force ports to resume operations while labor negotiations continue.

 

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

 /  🏆 458. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines