A temporary Jones Act waiver is one method the US government could use to try to prop up dismal oil prices and flailing domestic oil producers.
Eversheds Sutherland partner David McCullough said a waiver for the 100-year-old cabotage law is "extremely politically fraught" and "very difficult to get" but is something the oil industry is thinking about. The law requires domestic cargoes to be carried on US-built, American-owned tankers flying the US flag.
