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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.

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Submitted Dec 27, 2012 By: NOTSOGRN

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honda0105 Champion Author Tallahassee Posts:18,624 Points:1,609,520 Joined:Nov 2008	Message Posted: Dec 30, 2012 8:01:16 AM Ignore honda0105 Report Abuse remay: I don't always agree w/ you, but it's hard to argue against your statement :)
LetemEatCake Champion Author Oklahoma City Posts:5,596 Points:1,205,480 Joined:Mar 2008	Message Posted: Dec 28, 2012 10:28:18 PM Ignore LetemEatCake Report Abuse Can't argue with that Remay...well said.
remay Champion Author Houston Posts:6,968 Points:2,117,615 Joined:May 2006	Message Posted: Dec 28, 2012 3:43:20 PM Ignore remay Report Abuse ...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!
Dodge_Me Champion Author Atlanta Posts:2,214 Points:556,230 Joined:Mar 2006	Message Posted: Dec 28, 2012 2:21:37 AM Ignore Dodge_Me Report Abuse Wonder what will happen to our energy prices
myambro Champion Author Sacramento Posts:3,204 Points:1,052,925 Joined:Mar 2005	Message Posted: Dec 28, 2012 1:32:21 AM Ignore myambro Report Abuse That shows how screwed up our legal restrictions are.
rahcat Champion Author Grand Rapids Posts:2,473 Points:663,175 Joined:Jan 2010	Message Posted: Dec 28, 2012 12:15:12 AM Ignore rahcat Report Abuse Exports......Bad Idea.
jcdakota Champion Author Baltimore Posts:1,347 Points:361,345 Joined:Nov 2010	Message Posted: Dec 28, 2012 12:11:10 AM Ignore jcdakota Report Abuse 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?
KrsnaDragon Champion Author Montreal Posts:2,412 Points:531,525 Joined:Nov 2011	Message Posted: Dec 28, 2012 12:10:19 AM Ignore KrsnaDragon Report Abuse I take this as good news for the industry.
jkpsr Champion Author New Jersey Posts:4,084 Points:1,102,880 Joined:Jun 2005	Message Posted: Dec 28, 2012 12:07:36 AM Ignore jkpsr Report Abuse Why not? We really have a surplus.
UpSol7 Champion Author Augusta Posts:1,654 Points:759,625 Joined:Sep 2008	Message Posted: Dec 28, 2012 12:07:16 AM Ignore UpSol7 Report Abuse Why? Sometimes its simply hard to find a culprit
Bildawg Champion Author Ohio Posts:1,066 Points:481,720 Joined:Oct 2011	Message Posted: Dec 28, 2012 12:06:39 AM Ignore Bildawg Report Abuse cool
Glock26 Champion Author Dayton Posts:1,529 Points:633,360 Joined:Mar 2011	Message Posted: Dec 28, 2012 12:05:09 AM Ignore Glock26 Report Abuse Whatever!!!
ManOfLeisureII Champion Author Philadelphia Posts:1,879 Points:455,125 Joined:Jan 2012	Message Posted: Dec 28, 2012 12:04:59 AM Ignore ManOfLeisureII Report Abuse So what Who cares
boatfloyd Champion Author Jacksonville Posts:1,723 Points:388,950 Joined:Mar 2012	Message Posted: Dec 28, 2012 12:04:41 AM Ignore boatfloyd Report Abuse Sounds good.
cheaper0ON All-Star Author Ontario Posts:983 Points:398,055 Joined:Jan 2012	Message Posted: Dec 28, 2012 12:04:04 AM Ignore cheaper0ON Report Abuse Ok.
jrschl Champion Author Louisville Posts:2,972 Points:681,740 Joined:Jun 2011	Message Posted: Dec 28, 2012 12:02:39 AM Ignore jrschl Report Abuse I still believe this is too many eggs in one basket.
yyc2yow All-Star Author Ottawa Posts:658 Points:571,310 Joined:Dec 2009	Message Posted: Dec 28, 2012 12:01:40 AM Ignore yyc2yow Report Abuse get in line
DieselDogf350 Rookie Author San Jose Posts:52 Points:236,965 Joined:May 2007	Message Posted: Dec 27, 2012 11:59:45 PM Ignore DieselDogf350 Report Abuse I'm not technologically gifted but how do I make the middle finger with all of those cute icons that my kids use?
NHLiveFree Champion Author New Hampshire Posts:11,095 Points:1,623,180 Joined:Jun 2008	Message Posted: Dec 27, 2012 11:56:49 PM Ignore NHLiveFree Report Abuse All the usual lies from 'the industry'!
judgemobile Champion Author Ohio Posts:7,570 Points:2,445,135 Joined:Nov 2005	Message Posted: Dec 27, 2012 11:55:46 PM Ignore judgemobile Report Abuse wait and see
ExplorerWA Champion Author Washington Posts:4,083 Points:797,250 Joined:Feb 2011	Message Posted: Dec 27, 2012 11:50:07 PM Ignore ExplorerWA Report Abuse It's clear our energy plan is about energy dependence not energy independence.
carpenter4u Champion Author Virginia Posts:2,436 Points:616,395 Joined:Jul 2011	Message Posted: Dec 27, 2012 11:50:07 PM Ignore carpenter4u Report Abuse Tax the exported fuel to pay down the debt. But, this will keep prices higher in the US
BREW9 All-Star Author Tampa Posts:886 Points:2,912,955 Joined:Jun 2004	Message Posted: Dec 27, 2012 11:48:32 PM Ignore BREW9 Report Abuse ok
danlanman Champion Author North Carolina Posts:3,332 Points:722,460 Joined:May 2011	Message Posted: Dec 27, 2012 11:47:54 PM Ignore danlanman Report Abuse ok
SparkieMi Champion Author Kalamazoo Posts:3,266 Points:589,360 Joined:Sep 2011	Message Posted: Dec 27, 2012 11:46:56 PM Ignore SparkieMi Report Abuse Surprise, surprise!!!!!
charg3rguy1991 All-Star Author Greensboro Posts:761 Points:243,690 Joined:Sep 2012	Message Posted: Dec 27, 2012 11:42:28 PM Ignore charg3rguy1991 Report Abuse Keep it you greedy bastards
goodbuy Champion Author Michigan Posts:7,668 Points:1,422,580 Joined:May 2005	Message Posted: Dec 27, 2012 11:42:19 PM Ignore goodbuy Report Abuse Make sure it is full of lead.
acknot Champion Author Seattle Posts:1,628 Points:873,445 Joined:Sep 2003	Message Posted: Dec 27, 2012 11:40:41 PM Ignore acknot Report Abuse 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.
clermont40miles Champion Author Cincinnati Posts:10,576 Points:1,772,940 Joined:Apr 2008	Message Posted: Dec 27, 2012 11:40:26 PM Ignore clermont40miles Report Abuse Don't export. Sell domestically. Use it for transportation and off-road equipment.
jrsva Champion Author Virginia Posts:9,857 Points:1,613,225 Joined:Jan 2006	Message Posted: Dec 27, 2012 11:39:18 PM Ignore jrsva Report Abuse “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?
Asbury09 Champion Author Iowa Posts:7,213 Points:1,530,305 Joined:Jan 2009	Message Posted: Dec 27, 2012 11:38:11 PM Ignore Asbury09 Report Abuse keep the gas stateside
TDIdave Champion Author California Posts:5,063 Points:1,225,715 Joined:May 2006	Message Posted: Dec 27, 2012 11:33:17 PM Ignore TDIdave Report Abuse Should be a law against this. Otherwise, so much for energy independence.
mstearno Champion Author Dayton Posts:8,071 Points:1,732,210 Joined:Jan 2008	Message Posted: Dec 27, 2012 11:32:53 PM Ignore mstearno Report Abuse energy jobs would be nice but that would screw up his we want 70 % on food stamps so they keep voting democrat
rjoeh Champion Author Michigan Posts:7,081 Points:2,470,215 Joined:Jun 2004	Message Posted: Dec 27, 2012 11:30:39 PM Ignore rjoeh Report Abuse 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.
EVBuddy Champion Author Nevada Posts:16,695 Points:3,032,570 Joined:Sep 2004	Message Posted: Dec 27, 2012 11:28:24 PM Ignore EVBuddy Report Abuse Ther go home heating costs
TIGERPAW46 Champion Author Florida Posts:7,131 Points:1,356,655 Joined:Mar 2004	Message Posted: Dec 27, 2012 11:24:48 PM Ignore TIGERPAW46 Report Abuse 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.
Doomsday64 All-Star Author Austin Posts:864 Points:337,155 Joined:Apr 2011	Message Posted: Dec 27, 2012 11:23:18 PM Ignore Doomsday64 Report Abuse keep it here
gmcgas Champion Author Atlanta Posts:5,953 Points:1,714,170 Joined:Mar 2004	Message Posted: Dec 27, 2012 11:23:15 PM Ignore gmcgas Report Abuse i'm sure the price here won't go up because we sell to Asia. sssssssure!!
TIGERPAW46 Champion Author Florida Posts:7,131 Points:1,356,655 Joined:Mar 2004	Message Posted: Dec 27, 2012 11:22:41 PM Ignore TIGERPAW46 Report Abuse 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]
SUPRA1987 Sophomore Author Tampa Posts:161 Points:211,645 Joined:May 2011	Message Posted: Dec 27, 2012 11:21:58 PM Ignore SUPRA1987 Report Abuse TAKE CARE OF THE DOMESTIC MARKET FIRST.
DustyHorse Champion Author Virginia Posts:6,090 Points:1,392,330 Joined:Oct 2008	Message Posted: Dec 27, 2012 11:21:14 PM Ignore DustyHorse Report Abuse Somebody should take a good look at that government-sponsored report.
scubadaniel Champion Author Dayton Posts:1,421 Points:692,070 Joined:Jan 2011	Message Posted: Dec 27, 2012 11:20:41 PM Ignore scubadaniel Report Abuse Boy, the being a global player in energy sure gets complicated.
YodaON Champion Author Ottawa Posts:2,932 Points:780,035 Joined:Jan 2011	Message Posted: Dec 27, 2012 11:20:06 PM Ignore YodaON Report Abuse as long as they keep the prices down
Blue48 Champion Author Illinois Posts:7,310 Points:1,638,920 Joined:Feb 2007	Message Posted: Dec 27, 2012 11:19:40 PM Ignore Blue48 Report Abuse WHATEVER!
Gas4Gore Champion Author Detroit Posts:2,421 Points:423,875 Joined:Jan 2010	Message Posted: Dec 27, 2012 11:19:28 PM Ignore Gas4Gore Report Abuse Okay.
toadNY Champion Author Albany Posts:7,047 Points:1,514,125 Joined:Apr 2008	Message Posted: Dec 27, 2012 11:16:29 PM Ignore toadNY Report Abuse 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!
REKEY Champion Author South Carolina Posts:8,579 Points:1,699,415 Joined:May 2008	Message Posted: Dec 27, 2012 11:11:53 PM Ignore REKEY Report Abuse That's what they say. I see my heating bill going up and up!
wayoung56 Champion Author Alabama Posts:2,805 Points:819,310 Joined:Oct 2006	Message Posted: Dec 27, 2012 11:10:21 PM Ignore wayoung56 Report Abuse Oh well...
BrucePen Champion Author Ontario Posts:6,606 Points:1,362,815 Joined:Sep 2008	Message Posted: Dec 27, 2012 11:07:37 PM Ignore BrucePen Report Abuse Exports are good way to pay for infrastructure.
drz614 Champion Author Harrisburg Posts:2,304 Points:598,595 Joined:Aug 2011	Message Posted: Dec 27, 2012 11:07:30 PM Ignore drz614 Report Abuse n4pip: apparently they had to get govt approval, and did. so who is really screwing us (again)?