Bloomberg: Oil Export Law Forces Jump in Tanker Rates

“Oil tankers that move crude between U.S. ports are reaping windfall profits as domestic production surges and American laws prohibit exports. Rates for Jones Act tankers, the only kind permitted to haul domestic fuel cargoes, jumped 87 percent to $85,978 a day in the past year, and the average cost will reach a record in 2013, according to Poten & Partners, the New York-based maritime consultant. “