Crude exports

21st century energy markets: AFPM President Drevna’s House testimony on energy markets and US national security

The United States is in the midst of an energy boom that few predicted even a few years ago. As we now know; however, innovation and entrepreneurship in the energy sector have reversed that trend and the mere fact that Congress...

/ March 3, 2015

Scuppering U.S. Refiners: Why The Jones Act No Longer Applies

When it was enacted in 1920, the Merchant Marine Act—aka the Jones Act—probably seemed like a good idea. At the time, it was necessary for national defense and commerce development purposes. But a lot has changed in the 94 years...

/ December 8, 2014

The Jones Act – Backward Thinking

It’s 1920. Warren G. Harding was nominated by the Republican Party for President. We were five years removed from the sinking of the Lusitania, two years removed from WWI and the reign of Kaiser Wilhelm II, and Edith Bolling Galt...

/ October 14, 2014

Setting the Record Straight – U.S. Refineries Quickly Adjusting to a Changing U.S. Crude Supply

Writers have their bad days, and Reuters’ Market Analyst John Kemp apparently had one when he penned US refineries fast running out of flexibility on crude. Confusion, or a lack of understanding of the refining industry, is evident throughout Kemp’s...

/ October 10, 2014