Why Canadian markets are strong

Short Video

https://www.cbc.ca/player/play/2043067971540

Anymouse

Oh, just saw a clip. The reason gasoline is really expensive on the US East coast is because of the Jones Act. There are no US gasoline tankers and not enough pipelines to move gasoline to New York from Houston.

I’ll see if in shows up on BNN Videos and post it but I have an eye appointment this morning.

Tim

The reason gasoline is really expensive on the US East coast is because of the Jones Act. There are no US gasoline tankers and not enough pipelines to move gasoline to New York from Houston.

Maybe they should consider another pipeline or two.

DB2

2 Likes

Oh, just saw a clip. The reason gasoline is really expensive on the US East coast is because of the Jones Act. There are no US gasoline tankers and not enough pipelines to move gasoline to New York from Houston.

Those East Coast whiners. Out on the West Coast, we are paying $6 - $7 per gal

11 hours ago

https://www.bloomberg.com/news/articles/2022-06-17/jones-act…

snippet

Waiving a century-old shipping law to let foreign-flagged vessels transport fuel between US ports – a favorite talking point of a US refinery sector trying to get the White House off its back – would only save East Coast drivers about 10 cents a gallon at the pump, JPMorgan said.

A potential waiver of the Jones Act is one of several tools the Biden Administration is weighing to reduce the effects of record energy costs for Americans. However, like most moves being considered by lawmakers, it’s unlikely to bring sustained relief.