“Forced use of higher-cost U.S.-flag vessels has benefitted domestic water carrier firms, shipbuilding companies, and associated labor at the expense of consumers. This advantage, however, has been diluted because inflated shipping costs has reduced the attractiveness of barge and tanker transport compared to other alternatives.”
The Puerto Rico recovery effort has brought attention to an arcane special-interest cabotage regulation that delayed shipments to the imperiled island–and required a waiver from President Trump: Section 27 of the Merchant Marine Act of 1920, [(Public Law 261, 41 Stat. 988 (1920)], commonly known as the Jones Act.
Previous posts at MasterResource (here and here) examined the history of oil-export regulation by the federal government; this post surveys the history of water-vessel restrictions from Washington, D.C. directly or indirectly impacting oceanic commerce.…
“Classical liberals must expose the quixotic quest to ‘save’ or ‘stabilize’ the climate and must educate the public about what is really involved: a new, powerful government lever on economies and freedom, anywhere and everywhere. Socialist central planning for economies may be intellectually dead, but global climate planning is alive and well.”
“For classical liberalism, privatizing the subsoil to enlarge and democratize wealth from Mexico to Venezuela to Saudi Arabia to Nigeria is the number one energy issue, not climate change. Yet it goes uninvestigated and unmentioned at R Street and the Niskanen Center. It might be CO2-positive, after all, not something the climate funders want to promote.”
The toxic brew of climate alarmism and climate activism (aka forced energy transformation) is incompatible with the theory and practice of classical liberalism.…
“If I wanted to kill [tax subsidies], the thing to do is for Exxon Mobil to go and invest heavily in [wind and solar] and then Congress would immediately cancel the tax subsidy. Actually what they would do is they would just cancel it for us…. So we are not going to go into investments that are dependent on a government providing a tax system to make them viable.”
– Rex Tillerson, Quoted in Russell Gold, “Exxon Mobil: We Like Renewable Energy Subsidies. Wink, Wink.” Wall Street Journal (March 6, 2009).
Last week at MasterResource, I posted on current US Secretary of State Rex Tillerson’s 2013 views on climate science in light of consumer energy needs. He referenced the pause in increasing global temperatures in light of rising concentrations of greenhouse gas concentrations.…