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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:18,632 Points:1,610,495 Joined:Nov 2008	Message Posted: Dec 30, 2012 6:01:16 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:5,609 Points:1,206,455 Joined:Mar 2008	Message Posted: Dec 28, 2012 8:28:18 PM Ignore LetemEatCake Report Abuse Can't argue with that Remay...well said.
remay Champion Author Houston Posts:6,973 Points:2,118,590 Joined:May 2006	Message Posted: Dec 28, 2012 1:43:20 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:556,980 Joined:Mar 2006	Message Posted: Dec 28, 2012 12:21:37 AM Ignore Dodge_Me Report Abuse Wonder what will happen to our energy prices
myambro Champion Author Sacramento Posts:3,209 Points:1,053,900 Joined:Mar 2005	Message Posted: Dec 27, 2012 11:32:21 PM Ignore myambro Report Abuse That shows how screwed up our legal restrictions are.
rahcat Champion Author Grand Rapids Posts:2,478 Points:664,150 Joined:Jan 2010	Message Posted: Dec 27, 2012 10:15:12 PM Ignore rahcat Report Abuse Exports......Bad Idea.
jcdakota Champion Author Baltimore Posts:1,347 Points:361,345 Joined:Nov 2010	Message Posted: Dec 27, 2012 10:11:10 PM 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:2,417 Points:532,500 Joined:Nov 2011	Message Posted: Dec 27, 2012 10:10:19 PM Ignore KrsnaDragon Report Abuse I take this as good news for the industry.
jkpsr Champion Author New Jersey Posts:4,089 Points:1,103,855 Joined:Jun 2005	Message Posted: Dec 27, 2012 10:07:36 PM Ignore jkpsr Report Abuse Why not? We really have a surplus.
UpSol7 Champion Author Augusta Posts:1,659 Points:760,600 Joined:Sep 2008	Message Posted: Dec 27, 2012 10:07:16 PM Ignore UpSol7 Report Abuse Why? Sometimes its simply hard to find a culprit
Bildawg Champion Author Ohio Posts:1,066 Points:482,470 Joined:Oct 2011	Message Posted: Dec 27, 2012 10:06:39 PM Ignore Bildawg Report Abuse cool
Glock26 Champion Author Dayton Posts:1,534 Points:634,335 Joined:Mar 2011	Message Posted: Dec 27, 2012 10:05:09 PM Ignore Glock26 Report Abuse Whatever!!!
ManOfLeisureII Champion Author Philadelphia Posts:1,884 Points:455,800 Joined:Jan 2012	Message Posted: Dec 27, 2012 10:04:59 PM Ignore ManOfLeisureII Report Abuse So what Who cares
boatfloyd Champion Author Jacksonville Posts:1,728 Points:389,925 Joined:Mar 2012	Message Posted: Dec 27, 2012 10:04:41 PM Ignore boatfloyd Report Abuse Sounds good.
cheaper0ON All-Star Author Ontario Posts:988 Points:399,030 Joined:Jan 2012	Message Posted: Dec 27, 2012 10:04:04 PM Ignore cheaper0ON Report Abuse Ok.
jrschl Champion Author Louisville Posts:2,972 Points:682,040 Joined:Jun 2011	Message Posted: Dec 27, 2012 10:02:39 PM 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 27, 2012 10:01:40 PM 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 9:59:45 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:11,105 Points:1,624,380 Joined:Jun 2008	Message Posted: Dec 27, 2012 9:56:49 PM Ignore NHLiveFree Report Abuse All the usual lies from 'the industry'!
judgemobile Champion Author Ohio Posts:7,575 Points:2,446,110 Joined:Nov 2005	Message Posted: Dec 27, 2012 9:55:46 PM Ignore judgemobile Report Abuse wait and see
ExplorerWA Champion Author Washington Posts:4,088 Points:798,225 Joined:Feb 2011	Message Posted: Dec 27, 2012 9:50:07 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:617,145 Joined:Jul 2011	Message Posted: Dec 27, 2012 9:50:07 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:891 Points:2,913,930 Joined:Jun 2004	Message Posted: Dec 27, 2012 9:48:32 PM Ignore BREW9 Report Abuse ok
danlanman Champion Author North Carolina Posts:3,337 Points:723,435 Joined:May 2011	Message Posted: Dec 27, 2012 9:47:54 PM Ignore danlanman Report Abuse ok
SparkieMi Champion Author Kalamazoo Posts:3,271 Points:590,335 Joined:Sep 2011	Message Posted: Dec 27, 2012 9:46:56 PM Ignore SparkieMi Report Abuse Surprise, surprise!!!!!
charg3rguy1991 All-Star Author Greensboro Posts:769 Points:245,600 Joined:Sep 2012	Message Posted: Dec 27, 2012 9:42:28 PM Ignore charg3rguy1991 Report Abuse Keep it you greedy bastards
goodbuy Champion Author Michigan Posts:7,673 Points:1,423,555 Joined:May 2005	Message Posted: Dec 27, 2012 9:42:19 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 9:40:41 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:10,583 Points:1,773,845 Joined:Apr 2008	Message Posted: Dec 27, 2012 9:40:26 PM Ignore clermont40miles Report Abuse Don't export. Sell domestically. Use it for transportation and off-road equipment.
jrsva Champion Author Virginia Posts:9,862 Points:1,614,200 Joined:Jan 2006	Message Posted: Dec 27, 2012 9:39:18 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:7,218 Points:1,531,280 Joined:Jan 2009	Message Posted: Dec 27, 2012 9:38:11 PM Ignore Asbury09 Report Abuse keep the gas stateside
TDIdave Champion Author California Posts:5,068 Points:1,226,690 Joined:May 2006	Message Posted: Dec 27, 2012 9:33:17 PM Ignore TDIdave Report Abuse Should be a law against this. Otherwise, so much for energy independence.
mstearno Champion Author Dayton Posts:8,075 Points:1,733,165 Joined:Jan 2008	Message Posted: Dec 27, 2012 9:32:53 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:7,086 Points:2,471,190 Joined:Jun 2004	Message Posted: Dec 27, 2012 9:30:39 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 9:28:24 PM Ignore EVBuddy Report Abuse Ther go home heating costs
TIGERPAW46 Champion Author Florida Posts:7,136 Points:1,357,630 Joined:Mar 2004	Message Posted: Dec 27, 2012 9:24:48 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:869 Points:337,980 Joined:Apr 2011	Message Posted: Dec 27, 2012 9:23:18 PM Ignore Doomsday64 Report Abuse keep it here
gmcgas Champion Author Atlanta Posts:5,958 Points:1,715,145 Joined:Mar 2004	Message Posted: Dec 27, 2012 9:23:15 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:7,136 Points:1,357,630 Joined:Mar 2004	Message Posted: Dec 27, 2012 9:22:41 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 9:21:58 PM Ignore SUPRA1987 Report Abuse TAKE CARE OF THE DOMESTIC MARKET FIRST.
DustyHorse Champion Author Virginia Posts:6,093 Points:1,393,120 Joined:Oct 2008	Message Posted: Dec 27, 2012 9:21:14 PM Ignore DustyHorse Report Abuse Somebody should take a good look at that government-sponsored report.
scubadaniel Champion Author Dayton Posts:1,426 Points:693,045 Joined:Jan 2011	Message Posted: Dec 27, 2012 9:20:41 PM Ignore scubadaniel Report Abuse Boy, the being a global player in energy sure gets complicated.
YodaON Champion Author Ottawa Posts:2,937 Points:781,010 Joined:Jan 2011	Message Posted: Dec 27, 2012 9:20:06 PM Ignore YodaON Report Abuse as long as they keep the prices down
Blue48 Champion Author Illinois Posts:7,315 Points:1,639,895 Joined:Feb 2007	Message Posted: Dec 27, 2012 9:19:40 PM Ignore Blue48 Report Abuse WHATEVER!
Gas4Gore Champion Author Detroit Posts:2,426 Points:424,850 Joined:Jan 2010	Message Posted: Dec 27, 2012 9:19:28 PM Ignore Gas4Gore Report Abuse Okay.
toadNY Champion Author Albany Posts:7,052 Points:1,515,100 Joined:Apr 2008	Message Posted: Dec 27, 2012 9:16:29 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:8,584 Points:1,700,390 Joined:May 2008	Message Posted: Dec 27, 2012 9:11:53 PM Ignore REKEY Report Abuse That's what they say. I see my heating bill going up and up!
wayoung56 Champion Author Alabama Posts:2,810 Points:820,285 Joined:Oct 2006	Message Posted: Dec 27, 2012 9:10:21 PM Ignore wayoung56 Report Abuse Oh well...
BrucePen Champion Author Ontario Posts:6,611 Points:1,363,790 Joined:Sep 2008	Message Posted: Dec 27, 2012 9:07:37 PM Ignore BrucePen Report Abuse Exports are good way to pay for infrastructure.
drz614 Champion Author Harrisburg Posts:2,309 Points:599,570 Joined:Aug 2011	Message Posted: Dec 27, 2012 9:07:30 PM Ignore drz614 Report Abuse n4pip: apparently they had to get govt approval, and did. so who is really screwing us (again)?