The Jones Act, also known as the Merchant Marine Act of 1920, was signed into law by President Woodrow Wilson on June 5, 1920, 106 years ago to this day.
They finally hit pause on the Jones Act for 76 days during the energy crunch, and the numbers that came out are straight-up nuclear.
In that short window, more clean petroleum products moved by tanker from the Gulf Coast to the West Coast than in the entire previous eleven years combined.
The domestic Jones Act fleet stayed fully employed the whole time the foreign ships didn’t steal their work, they took the surge demand the protected fleet couldn’t handle.
New routes appeared overnight that the law had blocked for decades, including direct Houston motor fuel to Hawaii and Strategic Petroleum Reserve crude reaching California for the first time in history.
And when you look at who actually showed up to move the barrels? Between 74 and 85 percent were U.S. companies or vessels from close allies and trusted trading partners. The big scary China takeover everyone’s been warned about for years? Roughly 8 percent.
The data ripped the mask off a century-old protection racket that’s been raising fuel prices in Hawaii, Alaska, Puerto Rico, and everywhere else while pretending to protect national security and American jobs.
But here’s where it gets dangerous for the people still defending this thing the part that shows the entire insurance policy argument was never real in the first place.
Full breakdown, the charts that make the old excuses look ridiculous, and what this actually means for reform?
It’s all on the Substack. Link in bio. Go read it before the usual suspects try to memory-hole the numbers.