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Friday, November 02, 2012

U.S. allows more tankers in Northeast after Sandy - MarketWatch

U.S. allows more tankers in Northeast after Sandy - MarketWatch

 The U.S. Department of Homeland Security on Friday said it's waiving the Jones Act in a move to allow additional oil tankers from the Gulf of Mexico to enter Northeastern ports after Hurricane Sandy. "This waiver will remove a potential obstacle to bringing additional fuel to the storm-damaged region," Janet Napolitano, secretary of Homeland Security, said in a statement. The act, which restricts tanker movements between U.S. ports to U.S.-flagged vessels, has been waived until Nov. 13.

What do you mean ALLOWS?

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