b'36American Journal ofTransportation ajot.com(CASUALTYcontinuedoramomentaryreactionto from page 35) eventsis the unthinkable in a tit for tat strategy. Irans$200dollarabarrelareal presidentMasoudPrezesh- possibility? kain said that the attacks onBack on March 11th the IransenergyinfrastructureInternational Energy Agency could lead to uncontrollable(IEA)followinganemer-consequences.Andrecentgencymeetingannounced events, such as Israels attackthatits32membersagree on the Pars gas fields, missiletomake400millionbarrels anddroneattacksonSaudifrom their reserves available Arabiangasfacilities,theto help offset the disruptions. missile strike on Qatars RasItwasthelargesteveroil Laffans oil processing infra- stock release by the agency. structureandthesiteoftheIEA Executive Director Fatih worlds largest LNG produc- Birolsaid,Theoilmarket tion facility, tend to bear outchallengeswearefacing the remarks.areunprecedentedinscale, $200PerB arreL ? therefore I am very glad that Tugboat chugs through the channel at the Port of Mobile, AL IEA Member countries have i MPaCtS of ano iLW ar responded with an emergency AWO criticizes Trumps Jones Act waiver Recentreportsindicatecollective action of unprece-that Middle East oil exportsdented size. havenowfallentobetweenStillthequestionisopen By Stas Margaronis, AJOT 9.7millionbpdto7.5mil- as to whether this effort will be lionbpd(dependingontheenough to stabilize prices and The decision by the Trump administration tojob at a far lower cost and wage than wagessource)withthespateofprovide sufficient availability. allow a waiver of the Jones Act so that foreign flagpaid to American mariners and workers. attacks on the regions O>heItalianthink-tank and manned vessels can transport cargoes includ- Whenhereturnedtothepresidencyininfrastructure. ISPI, in a March 13th news-ing oil and gas, between US ports, has drawn crit- 2025, President Trump insisted that he did notThe immediate impact ofletterhighlightedsomeof icism from the American Waterways Operatorsagree with this analysis and yet he had sup- thewarschokingoffO&Gthepotentialimpactsfrom (AWO) who represent tug and barge carriers onported an unnecessary Jones Act waiver in hisexportshasbeenaspikethe cuts in Middle East O&G the U.S. inland and coastal waterways. first term, according to AWO. inoilprices,whichatthisexports,writing,Avast The Jones Act has been a target by Trumpwriting[March19th]haveshare of global energy flows supportersamongultraconservativegroupst ruMPSd jv ua LLo vera gain in2026? topped$106perbarrelforthroughthePersianGulf, including the Cato Institute and the HeritageTheissuehighlightsanincongruityinthebenchmarkBrentcrude.andaround80%ofthese Foundation which see the Jones Act as a regres- President Trumps assertion that he supportsThe price had briefly toppedflowsaredirectedtoward sive measure protecting US shipbuilders andAmericanjobsandworkersandpushedfor$112beforeslippingback.Asia.Chinaaloneimported mariners in the inland waterway and coastalhightariffsonforeignimportstoprotectThe question is whether thisin2024roughly11million trades. They argue that lower cost foreign builtAmericanjobsandMakeAmericaGreatpricesurgerepresentsthe(CASUALTYcontinued on and foreign manned vessels could do the same(WAIVERcontinued on page 38) beginning of a real oil shockpage 38)A Leading Ocean Shipping& Logistics CompanyLiberty Global Logistics LLC 516-488-8800LibertyGL.com 1979 Marcus Avenue Suite #200, Lake Success, NY 1104250 Jericho Quadrangle, Suite 301, Jericho, NY 11753'