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Author	Topic: API Calls on DOE to Approve U.S. LNG Exports 'Without Delay'	Post a Reply Back to Topics

mastermariner Champion Author Texas Posts:4,236 Points:492,035 Joined:Jun 2011	Message Posted: Jan 18, 2013 9:43:00 AM Ignore mastermariner Report Abuse An American Petroleum Institute (API) official called for the U.S. Department of Energy (DOE) to approve U.S. liquefied natural gas (LNG) exports 'without delay' Thursday. By serving international markets through LNG exports, the United States can create economic growth at home through the creation of jobs in the oil and gas industry and boosting tax revenues that could help the nation's trade deficit, API Chief Economist John Felmy told reporters in a conference call. Given that President Obama has called on the United States to double its export output in an effort to create jobs, reducing or restricting energy exports does not make sense, said Felmy, who commented that restricting U.S. LNG exports would be a ”backward move” that could violate international trade laws. Visit Rig Zone for full article

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Message Posted: Jan 18, 2013 9:43:00 AM

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An American Petroleum Institute (API) official called for the U.S. Department of Energy (DOE) to approve U.S. liquefied natural gas (LNG) exports 'without delay' Thursday.

By serving international markets through LNG exports, the United States can create economic growth at home through the creation of jobs in the oil and gas industry and boosting tax revenues that could help the nation's trade deficit, API Chief Economist John Felmy told reporters in a conference call.

Given that President Obama has called on the United States to double its export output in an effort to create jobs, reducing or restricting energy exports does not make sense, said Felmy, who commented that restricting U.S. LNG exports would be a ”backward move” that could violate international trade laws.

Visit Rig Zone for full article

REPLIES (newest first)Ignore Short Messages

teenitup Champion Author Houston Posts:1,613 Points:247,010 Joined:Sep 2012	Message Posted: Jan 19, 2013 9:10:25 PM Ignore teenitup Report Abuse All well and good NHLiveFree but too many want to shut down oil and gas production altogether.
remay Champion Author Houston Posts:6,953 Points:2,114,690 Joined:May 2006	Message Posted: Jan 19, 2013 3:00:50 PM Ignore remay Report Abuse do it!
jrs4125 Champion Author Indiana Posts:2,743 Points:588,820 Joined:Sep 2011	Message Posted: Jan 19, 2013 10:20:54 AM Ignore jrs4125 Report Abuse Thats right export as much as possible so our prices here in the US will go up. Big oil and gas don't have enough money.
NHLiveFree Champion Author New Hampshire Posts:11,076 Points:1,620,255 Joined:Jun 2008	Message Posted: Jan 18, 2013 10:57:41 PM Ignore NHLiveFree Report Abuse Of course the industry shills and investors here love "free" and "global" markets when it creates higher prices, but United States crude and natural gas reserves are a USA natural resource and should remain for use exclusively in the USA. It is not a "global" resource, keep it here.
NHLiveFree Champion Author New Hampshire Posts:11,076 Points:1,620,255 Joined:Jun 2008	Message Posted: Jan 18, 2013 10:54:07 PM Ignore NHLiveFree Report Abuse What is good for the Oil and Gas industries is certainly good for all of us. At least that's the story their API PR would have us all believe!
drz614 Champion Author Harrisburg Posts:2,289 Points:595,670 Joined:Aug 2011	Message Posted: Jan 18, 2013 6:14:58 PM Ignore drz614 Report Abuse so we were told to conserve to make america stronger and energy independent. when we did, we are now told to export the excess (that by the way did nothing to lower energy prices due to a new stupid energy policy) to create jobs and more tax revenues for idiotic state and federal spenders? would love 2 see EIA add coal imports and exports to their weekly tallies.
Night Owl Champion Author Toronto Posts:7,540 Points:1,784,650 Joined:Jul 2004	Message Posted: Jan 18, 2013 3:57:47 PM Ignore Night Owl Report Abuse US exports just increase prices for Americans.
mastermariner Champion Author Texas Posts:4,236 Points:492,035 Joined:Jun 2011	Message Posted: Jan 18, 2013 1:44:52 PM Ignore mastermariner Report Abuse Its a global commodity there fore a global price.
humblepie Champion Author Toledo Posts:34,101 Points:2,369,045 Joined:Mar 2006	Message Posted: Jan 18, 2013 1:20:59 PM Ignore humblepie Report Abuse and every american can enjoy higher home heating bills
YaBassa Champion Author Michigan Posts:2,415 Points:514,175 Joined:Nov 2011	Message Posted: Jan 18, 2013 11:57:21 AM Ignore YaBassa Report Abuse More money for Big Oil if they export LNG
greatartiste All-Star Author New Jersey Posts:540 Points:105,810 Joined:Apr 2011	Message Posted: Jan 18, 2013 11:18:33 AM Ignore greatartiste Report Abuse NO!
skinsfan125 Champion Author Virginia Posts:1,549 Points:280,490 Joined:Jul 2010	Message Posted: Jan 18, 2013 10:45:41 AM Ignore skinsfan125 Report Abuse A.P.I calls on D.O.E to approve exports of LNG? Thats B.S.!
JCI46009IN Champion Author Indiana Posts:2,129 Points:439,570 Joined:Sep 2011	Message Posted: Jan 18, 2013 10:22:19 AM Ignore JCI46009IN Report Abuse I don't think so, Keep US energy in the US !
Buckeyee Champion Author Maine Posts:4,591 Points:896,830 Joined:May 2010	Message Posted: Jan 18, 2013 10:15:57 AM Ignore Buckeyee Report Abuse Maine has ben trying to get permits to build LNG ports for several years. Every time they are blocked by the " Greens", or the wealthy who own most of Maine's coast.
teenitup Champion Author Houston Posts:1,613 Points:247,010 Joined:Sep 2012	Message Posted: Jan 18, 2013 10:12:31 AM Ignore teenitup Report Abuse Expecting government to do things without delay is hopeless. Well except for tax increases, they'll jump right on that!
amoshins Champion Author Trenton Posts:2,185 Points:638,845 Joined:Apr 2011	Message Posted: Jan 18, 2013 10:01:39 AM Ignore amoshins Report Abuse We definately need the economic growth in the US - but would the resulting higher LNG prices at home hurt us just as much?
gbs1 Champion Author Minnesota Posts:1,986 Points:739,675 Joined:Mar 2011	Message Posted: Jan 18, 2013 9:50:38 AM Ignore gbs1 Report Abuse If the LNG exports can be done without dramatically increasing prices in the US, it should be done.
apiergallini Veteran Author North Carolina Posts:389 Points:244,855 Joined:Mar 2011	Message Posted: Jan 18, 2013 9:46:47 AM Ignore apiergallini Report Abuse The flip-side to exporting LNG is that it will become more expensive domestically, since our supply won't change, but demand will increase.
Skunk63 Champion Author Phoenix Posts:2,546 Points:555,550 Joined:Oct 2011	Message Posted: Jan 18, 2013 9:45:49 AM Ignore Skunk63 Report Abuse Don't count on the DOE to do the right thing. At least not under this clown's watch.