Why doesn't the US government just insure them itself then? A quarter of a billion dollars is a major risk to an insurance company with no internal capacity to mitigate the risk itself, but it's not even a rounding error in the federal budget and the US government would then be expressing confidence in the ability of its own military to ensure safe passage.
And even if they had to pay a claim, it would cost the population less than the higher gas prices, since increasing supply lowers the market price for all supply, not just the incremental units.
That would require an act of Congress. So implicitly, the majority party in the House and Senate don’t want to do this. Ask yourself, who is in power right now?
And even if they had to pay a claim, it would cost the population less than the higher gas prices, since increasing supply lowers the market price for all supply, not just the incremental units.