Thanks to our environmentalist friends, we do not have the pipeline capacity to take U.S-produced natural gas from the places where it is processed to the places where the people are. This has some pretty serious consequences: Con Ed has just announced that it cannot get enough gas to serve new customers in the New York City suburbs, which has meant in effect a moratorium on much new residential construction, which obviously can’t happen without utility connections. One workaround has been to put liquified natural gas (LNG) on containers to take it where it is needed.
And that’s where the Jones Act is a problem. The number of tankers equipped to handle U.S.-made LNG that satisfy all of the conditions of the Jones Act is — here, the math gets pretty easy — zero.