Chuck Yates Needs A Job

The Jones Act is always in the top ten for worst US economic policies. Passed in 1920, it basically restricts all goods and services transported between US sports to be on US built, owned and crewed vessels. While that sounds great it skyrockets costs on US citizens particularly those in Puerto Rico, Alaska and Hawaii. Why does this matter to us energy geeks? Because the US doesn’t have a Jones Act compliant ship that can transport LNG, Massachusetts imports LNG from primarily Trinidad but occasionally from Russia. WTF?!?   Colin is an expert on the Jones Act and breaks it all down for us.

00:00 - Intro
00:39 - Who is Colin Grabow
02:31 - What is the Jones Act
08:06 - Jones Act and Oil Export Ban
11:36 - Costs of the Jones Act
14:57 - Benefits of the Jones Act
18:24 - Why the Jones Act Persists
26:50 - Changing the Jones Act
29:57 - Changing People's Minds
37:54 - Making People Laugh
43:30 - Wrapping Up
43:56 - Additional Topics Covered
44:20 - No Taxation Without Representation
46:10 - Final Wrap Up
49:10 - Political Strategy: Anti-Jones Act Coalition
51:00 - Alex's Business: Digital Wildcatters

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