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Stock impact report

The Jones Act: Can A Waiver Slow Surging Gasoline Prices? [Yahoo! Finance]

Cheniere Energy, Inc. (LNG) 
Company Research Source: Yahoo! Finance
A U.S. Coast Guard boat moves past the Asia Vision LNG carrier ship docked at a terminal in Sabine Pass, Texas, U.S., on Monday, Feb. 22, 2016. The first tanker that will ship liquefied natural gas from Cheniere Energy Inc.'s Sabine Pass terminal in Louisiana has arrived, signaling the imminent start of exports as a result of the U.S. shale boom. The initial shipment was delayed to later this month or March from the third week of January because of faulty wiring that had to be replaced, Houston-based Cheniere said in a statement last month. Photographer: Eric Kayne/Bloomberg © 2016 Bloomberg Finance LP As gasoline prices rapidly push toward painful levels, Washington is dusting off a policy tool most Americans have never heard of: the Jones Act. As oil prices climb past $100 per barrel amid escalating conflict in the Middle East, and with gasoline prices rapidly rising, the White House is reportedly considering a temporary waiver of the Merchant Marine Act of 1920 , better know Show less Read more
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