Marine Link
Tuesday, November 20, 2018

Alaskan Oil Issue Lingers

Although the Clinton Administration reportedly favors lifting the ban on the export of North Slope Alaskan oil, no decision has been made. The ban is contained in the U.S. Export Administration Act, which was extended on August 19 by Executive Order of the President under the International Emergency Economic Powers Act, pending Congressional action.

The amendment to lift the ban includes a provision which would limit the carriage of the oil on U.S.- owned ships operated by U. S. crews. There is no U.S.-build or U.S.-repair requirement. Earlier, the amendment would have required the oil to be transported on vessels which qualify for the U.S. domestic, coastwise (Jones Act) trade. However, international objections tc such an expansion of the Jones Act, coupled with the possibility that the Jones Act itself could be endangered, reportedly prompted the amendment to be revised.

Maritime Reporter Magazine Cover Nov 2018 - Workboat Edition

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News