Crude-by-Water

Much like the “crude-by-rail” phenomenon, the burgeoning interest in transporting crude oil by tanker or tanker barge to U.S. refineries represents an innovative answer to a simple question: What is the best, most cost-effective way to move growing domestic and Canadian oil production from the wellhead to refineries? Using waterborne transportation to move crude to market requires a comprehensive understanding of the Merchant Marine Act of 1920—better known as the Jones Act—which regulates maritime commerce in U.S. waters and between U.S. ports. RBN’s latest Drill-Down Report provides a thorough review of the law and its impact on crude oil markets.  In today’s blog we examine the highlights of – Rock the Boat, Don’t Rock the Boat— Impact of the Jones Act on U.S. Crude Oil Markets.