“The Jones Act limits us from moving oil from Texas to New Jersey or California via tankers, making it cheaper for a New Jersey refinery to buy oil across the Atlantic than down our coastlines.”
I did not know that. I knew the Jones Act required US flag vessels to abide by US laws and pay scales. This is why all cruise ships fly foreign flags.
However, limiting our oil to ship within our own country just does not make sense. Again, who wrote this law, the Vanderbilts Lawyers?
IIRC, You cannot move cargo from a US port to a US port unless built in the US, flagged in the US, crewed by US, etc...
Not a lot of tankers built in the US.