Well, howdy there, Internet people, it's spell again.

So today, we're going to talk about Trump keeping up with the Jones Act and the price of oil.

Okay, so in the latest example of, that's not going to work the way Trump thinks it will.

Trump is looking to waive the Jones Act for a couple of months in hopes of tamping down the rising cost of oil caused by his

elective war in Iran. His press secretary said, quote, President Trump's decision to issue a 60-day Jones Act waiver is just another step to

mitigate the short-term disruptions to the oil market. That should be taken as a clear sign that the

administration's version of short-term will be months long.

That means it'll still be disrupted for the U.S. switchover to a more expensive summer blend gas.

But it looks like Trump is waiving that too.

If you want to know how much higher they're really expecting gas prices to get, they're pulling out all the stops now.

Ironically, the Jones Act is a byproduct of the American First ideals of the early 1900s.

The 1920 Act basically requires ships moving between American ports to be American made,

American crude, and American flagged.

The idea is that waiving this act will open up domestic routes to foreign flag ships.

The problem for Trump is that the protectionist and nationalist policies of 100 years ago

are similar to his current protectionist and nationalist policy failures.

They didn't really work as intended.

The American Maritime Partnership, which is a lobbying group, says, quote,

the law sets a high bar. This waiver exists solely to address an immediate threat to military

operations, not to displace American workers or reward foreign operators. We also reiterate that this waiver

will not reduce gas prices. The maximum potential impact of domestic shipping on the cost of gasoline

nationwide is less than one penny per gallon. A penny, a gallon.

...