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

April 2, 2020 at 5:45 PM
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...

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