Not Logged In Log In   Sign Up   Points Leaders
Follow Us    1:29 PM

GasBuddy News Article

49
votes
Exxon to Sempra Can Export Half of U.S. Home Gas Supply: Energy

Bloomberg -- Natural gas suppliers from Sempra Energy (SRE) to Exxon Mobil Corp. (XOM) are fighting for the first U.S. export permits after a study said selling some of the fuel to Asia will benefit the economy more than consuming it domestically.

They could win approval for projects to ship about 6 billion cubic feet a day of liquefied natural gas by 2025, according to estimates by consultants including Tudor Pickering Holt & Co. That amount of LNG would supply about half the current U.S. residential market and is worth $93 million a day at Japan’s current import price, a global benchmark.

The government-sponsored study released Dec. 5 gave a green light to exports, saying they shouldn’t delay North America’s possible energy independence in coming decades based on shale discoveries.


Read the Full Article

Submitted Dec 27, 2012 By: NOTSOGRN
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Exxon to Sempra Can Export Half of U.S. Home Gas Supply: Energy Back to Topics
REPLIES (newest first) Post a Reply
Profile Pic
honda0105
Champion Author Tallahassee

Posts:22,216
Points:2,065,515
Joined:Nov 2008
Message Posted: Dec 30, 2012 7:01:16 AM

remay: I don't always agree w/ you, but it's hard to argue against your statement :)
Profile Pic
LetemEatCake
Champion Author Oklahoma City

Posts:5,705
Points:1,360,915
Joined:Mar 2008
Message Posted: Dec 28, 2012 9:28:18 PM


Can't argue with that Remay...well said.
Profile Pic
remay
Champion Author Houston

Posts:8,936
Points:2,564,640
Joined:May 2006
Message Posted: Dec 28, 2012 2:43:20 PM

...selling some of the fuel to Asia will benefit the economy more than consuming it domestically. "Key word is "SOME". How about selling EXCESS supply AFTER taking care of the good ole USA!
Profile Pic
Dodge_Me
Champion Author Atlanta

Posts:2,222
Points:899,940
Joined:Mar 2006
Message Posted: Dec 28, 2012 1:21:37 AM

Wonder what will happen to our energy prices
Profile Pic
myambro
Champion Author Sacramento

Posts:4,192
Points:1,446,600
Joined:Mar 2005
Message Posted: Dec 28, 2012 12:32:21 AM

That shows how screwed up our legal restrictions are.
Profile Pic
rahcat
Champion Author Grand Rapids

Posts:4,850
Points:1,118,600
Joined:Jan 2010
Message Posted: Dec 27, 2012 11:15:12 PM

Exports......Bad Idea.
Profile Pic
jcdakota
Champion Author Baltimore

Posts:1,618
Points:415,920
Joined:Nov 2010
Message Posted: Dec 27, 2012 11:11:10 PM

Look at the long run. How many US jobs, products,etc. will this energy sale cost - How much of a gain in ENERGY INDEPENDENCE would this natural gas have made - How many vehicles could this energy have powered?
Profile Pic
KrsnaDragon
Champion Author Montreal

Posts:4,524
Points:982,840
Joined:Nov 2011
Message Posted: Dec 27, 2012 11:10:19 PM

I take this as good news for the industry.
Profile Pic
jkpsr
Champion Author New Jersey

Posts:5,826
Points:1,532,130
Joined:Jun 2005
Message Posted: Dec 27, 2012 11:07:36 PM

Why not? We really have a surplus.
Profile Pic
UpSol7
Champion Author Augusta

Posts:2,340
Points:1,150,950
Joined:Sep 2008
Message Posted: Dec 27, 2012 11:07:16 PM

Why? Sometimes its simply hard to find a culprit
Profile Pic
Bildawg
Champion Author Ohio

Posts:1,324
Points:843,155
Joined:Oct 2011
Message Posted: Dec 27, 2012 11:06:39 PM

cool
Profile Pic
Glock26
Champion Author Dayton

Posts:3,591
Points:1,070,250
Joined:Mar 2011
Message Posted: Dec 27, 2012 11:05:09 PM

Whatever!!!
Profile Pic
ManOfLeisureII
Champion Author Philadelphia

Posts:3,994
Points:906,365
Joined:Jan 2012
Message Posted: Dec 27, 2012 11:04:59 PM

So what Who cares
Profile Pic
boatfloyd
Champion Author Jacksonville

Posts:3,910
Points:843,240
Joined:Mar 2012
Message Posted: Dec 27, 2012 11:04:41 PM

Sounds good.
Profile Pic
cheaper0ON
Champion Author Ontario

Posts:3,113
Points:851,980
Joined:Jan 2012
Message Posted: Dec 27, 2012 11:04:04 PM

Ok.
Profile Pic
jrschl
Champion Author Louisville

Posts:5,129
Points:1,136,715
Joined:Jun 2011
Message Posted: Dec 27, 2012 11:02:39 PM

I still believe this is too many eggs in one basket.
Profile Pic
yyc2yow
Champion Author Ottawa

Posts:1,037
Points:650,705
Joined:Dec 2009
Message Posted: Dec 27, 2012 11:01:40 PM

get in line
Profile Pic
DieselDogf350
Rookie Author San Jose

Posts:87
Points:251,415
Joined:May 2007
Message Posted: Dec 27, 2012 10:59:45 PM

I'm not technologically gifted but how do I make the middle finger with all of those cute icons that my kids use?
Profile Pic
NHLiveFree
Champion Author New Hampshire

Posts:13,516
Points:2,061,740
Joined:Jun 2008
Message Posted: Dec 27, 2012 10:56:49 PM


All the usual lies from 'the industry'!
Profile Pic
judgemobile
Champion Author Ohio

Posts:9,729
Points:2,900,585
Joined:Nov 2005
Message Posted: Dec 27, 2012 10:55:46 PM

wait and see
Profile Pic
ExplorerWA
Champion Author Washington

Posts:5,907
Points:1,183,655
Joined:Feb 2011
Message Posted: Dec 27, 2012 10:50:07 PM

It's clear our energy plan is about energy dependence not energy independence.
Profile Pic
carpenter4u
Champion Author Virginia

Posts:3,429
Points:1,009,565
Joined:Jul 2011
Message Posted: Dec 27, 2012 10:50:07 PM

Tax the exported fuel to pay down the debt. But, this will keep prices higher in the US
Profile Pic
BREW9
Champion Author Tampa

Posts:3,029
Points:3,366,340
Joined:Jun 2004
Message Posted: Dec 27, 2012 10:48:32 PM

ok
Profile Pic
danlanman
Champion Author North Carolina

Posts:5,419
Points:1,173,930
Joined:May 2011
Message Posted: Dec 27, 2012 10:47:54 PM

ok
Profile Pic
SparkieMi
Champion Author Kalamazoo

Posts:5,297
Points:1,024,800
Joined:Sep 2011
Message Posted: Dec 27, 2012 10:46:56 PM

Surprise, surprise!!!!!
Profile Pic
charg3rguy1991
Champion Author Greensboro

Posts:1,395
Points:408,800
Joined:Sep 2012
Message Posted: Dec 27, 2012 10:42:28 PM

Keep it you greedy bastards
Profile Pic
goodbuy
Champion Author Michigan

Posts:9,740
Points:1,866,790
Joined:May 2005
Message Posted: Dec 27, 2012 10:42:19 PM

Make sure it is full of lead.
Profile Pic
acknot
Champion Author Seattle

Posts:1,629
Points:904,540
Joined:Sep 2003
Message Posted: Dec 27, 2012 10:40:41 PM

So much for cheap oil.. besides....Obama has to pay back China some how for all the money he borrowed to feed the 40% of lazy Americans out there.
Profile Pic
clermont40miles
Champion Author Cincinnati

Posts:13,354
Points:2,224,145
Joined:Apr 2008
Message Posted: Dec 27, 2012 10:40:26 PM

Don't export. Sell domestically. Use it for transportation and off-road equipment.

Profile Pic
jrsva
Champion Author Virginia

Posts:12,202
Points:2,067,650
Joined:Jan 2006
Message Posted: Dec 27, 2012 10:39:18 PM

“Exports may boost domestic prices by more than $1 per thousand cubic feet in coming years, NERA said. The benefits will more than offset the effect of higher prices for U.S. consumers that may be triggered by reduced domestic supply.”

Exports may indeed help the national economy but exactly how are consumers supposed to “offset the effect of higher prices” on their personal economies?

Profile Pic
Asbury09
Champion Author Iowa

Posts:9,373
Points:1,985,355
Joined:Jan 2009
Message Posted: Dec 27, 2012 10:38:11 PM

keep the gas stateside
Profile Pic
TDIdave
Champion Author California

Posts:5,865
Points:1,639,825
Joined:May 2006
Message Posted: Dec 27, 2012 10:33:17 PM

Should be a law against this. Otherwise, so much for energy independence.
Profile Pic
mstearno
Champion Author Dayton

Posts:9,412
Points:2,117,090
Joined:Jan 2008
Message Posted: Dec 27, 2012 10:32:53 PM

energy jobs would be nice but that would screw up his we want 70 % on food stamps
so they keep voting democrat
Profile Pic
rjoeh
Champion Author Michigan

Posts:9,235
Points:2,924,100
Joined:Jun 2004
Message Posted: Dec 27, 2012 10:30:39 PM

I disagree: Charity begins at home ahead of the bottom line. Lots of people accross this country are still unemployed despite denials to that effect by the administration and cheap heating energy will help make life bearable for them this winter.
Profile Pic
EVBuddy
Champion Author Nevada

Posts:18,825
Points:3,474,860
Joined:Sep 2004
Message Posted: Dec 27, 2012 10:28:24 PM

Ther go home heating costs
Profile Pic
TIGERPAW46
Champion Author Florida

Posts:9,284
Points:1,795,985
Joined:Mar 2004
Message Posted: Dec 27, 2012 10:24:48 PM

Also If they ship half of all they produce they will use up that 100 yr supply in 50 yrs; Or less if the estimates are wrong.
Profile Pic
Doomsday64
All-Star Author Austin

Posts:905
Points:370,750
Joined:Apr 2011
Message Posted: Dec 27, 2012 10:23:18 PM

keep it here
Profile Pic
gmcgas
Champion Author Atlanta

Posts:8,181
Points:2,169,840
Joined:Mar 2004
Message Posted: Dec 27, 2012 10:23:15 PM

i'm sure the price here won't go up because we sell to Asia. sssssssure!!
Profile Pic
TIGERPAW46
Champion Author Florida

Posts:9,284
Points:1,795,985
Joined:Mar 2004
Message Posted: Dec 27, 2012 10:22:41 PM

Can they do that & keep the price for NG the same low level as it is now. I highly Doubt that will happen.

[Edited by: TIGERPAW46 at 12/27/2012 11:24:08 PM EST]
Profile Pic
SUPRA1987
Veteran Author Tampa

Posts:424
Points:390,340
Joined:May 2011
Message Posted: Dec 27, 2012 10:21:58 PM

TAKE CARE OF THE DOMESTIC MARKET FIRST.
Profile Pic
DustyHorse
Champion Author Virginia

Posts:8,166
Points:1,813,930
Joined:Oct 2008
Message Posted: Dec 27, 2012 10:21:14 PM

Somebody should take a good look at that government-sponsored report.
Profile Pic
scubadaniel
Champion Author Dayton

Posts:3,494
Points:1,142,600
Joined:Jan 2011
Message Posted: Dec 27, 2012 10:20:41 PM

Boy, the being a global player in energy sure gets complicated.
Profile Pic
YodaON
Champion Author Ottawa

Posts:5,004
Points:1,224,635
Joined:Jan 2011
Message Posted: Dec 27, 2012 10:20:06 PM

as long as they keep the prices down
Profile Pic
Blue48
Champion Author Illinois

Posts:9,467
Points:2,093,145
Joined:Feb 2007
Message Posted: Dec 27, 2012 10:19:40 PM

WHATEVER!
Profile Pic
Gas4Gore
Champion Author Detroit

Posts:3,370
Points:600,885
Joined:Jan 2010
Message Posted: Dec 27, 2012 10:19:28 PM

Okay.
Profile Pic
toadNY
Champion Author Albany

Posts:9,252
Points:1,968,550
Joined:Apr 2008
Message Posted: Dec 27, 2012 10:16:29 PM

This is like the democrats saying the Bush Tax cuts were for the rich only. But now its the middle class that will see a Tax Hike!
Profile Pic
REKEY
Champion Author South Carolina

Posts:10,699
Points:2,148,225
Joined:May 2008
Message Posted: Dec 27, 2012 10:11:53 PM

That's what they say. I see my heating bill going up and up!
Profile Pic
wayoung56
Champion Author Alabama

Posts:4,840
Points:1,258,735
Joined:Oct 2006
Message Posted: Dec 27, 2012 10:10:21 PM

Oh well...
Profile Pic
BrucePen
Champion Author Ontario

Posts:8,098
Points:1,686,385
Joined:Sep 2008
Message Posted: Dec 27, 2012 10:07:37 PM

Exports are good way to pay for infrastructure.
Profile Pic
drz614
Champion Author Harrisburg

Posts:4,479
Points:1,053,540
Joined:Aug 2011
Message Posted: Dec 27, 2012 10:07:30 PM

n4pip: apparently they had to get govt approval, and did. so who is really screwing us (again)?
Post a reply Back to Topics