to try and get as much product to the market as possible. I think Granholm's comments, once again, demonstrate her utter lack of understanding [of] how the global hydrocarbon economy works. The administration could simply, if they wanted to help relieve shortages in local markets, rescind the Jones Act, and they refuse to do this.
After U.S. Energy Secretary Jennifer Granholm told domestic oil producers to halt exports, The Schork Group co-founder and principal Stephen Schork argued"it will do nothing to help alleviate" prices at the pump on"Mornings with Maria" Monday, Auguthat states that interstate commerce, waterborne has to be transacted on U.S. flagged vessels. U.S. flagged vessels, there's a small inventory of those vessels, and therefore, the premium to hire those vessels is very high.
So we're saying don't export our product, but we're hampering our ability to get that product where it's being produced domestically to get it to a domestic consumption market. Therefore, by trying to say, 'Hey, don't export,' all you're going to do – create logistical nightmares, you're going to swap certain markets, you're going to deprive other markets of product, you're going to create incredible arc opportunities.
But thank goodness she’s a diversity hire.
She fucked up Michigan also
The Expert: