Energy groups push for Jones Act waiver instead of tariffs to counter market volatility

Energy industry groups are urging the Trump administration to issue waivers to the Jones Act as a means to counter market volatility created by Russia and Saudi oil overproduction and a drop in demand caused by the coronavirus-related economic crisis, counseling against tariffs on oil called for by some U.S. lawmakers. Industry executives are expected to meet with President Trump on Friday to discuss a market that has been decimated in recent weeks, as well as possible federal responses. Reports...