[QUOTE=c.captain;152046]Smoker…
you and I agree on much but with this issue we are miles apary I am afraid.
If the US must import crude why export any? Profits for producers is the answer.
Now why should I be concerned more about the profits made by oil producers than I would be for American mariners or the entire nation!
it’s really just that simple[/QUOTE]
I am afraid that you’re wrong on this, in the sense that I completely agree with you that US oil should NEVER be exported. Maybe, it’s because, my parents having witnessed shortages, impressed upon me the meaning and importance of savings.
My argument was for those who are for US made and manned ships and I’m simply giving a trader’s view why that is untenable. As a commodities dealer, as much as I’ve SERIOUSLY tried to export US made metal, I have failed, for these 2 simple reasons:
- The cost of US made steel, and even after over coming that hurdle
- I’ve never, NEVER been able to over come the outrageous shipping + transportation costs.
For the record, I am pro-Jones Act, even though I’ve been at the receiving end of it. I understand the importance of having a cabotage law. But, being a trader, also allows me to see the other side of the coin and that is, how the US Steel industry, one of the most protected industries in USA, coupled with the monopoly of power supplying cos as well as the expensive inland transportation, is making the economics of ship building in USA, very expensive.
Also, if US oil has to be exported, then the billion $ subsidy that each oil co gets per year, should be refunded back to the tax payer. An oil co should not be allowed to keep that subsidy as well as selling subsidized oil at international prices on the international market and still charging the US tax payer international prices.