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The Big New Push to Export America’s Gas Bounty

New York Times -- JUST off the coast of Texas, Excelerate Energy is hoping to strike it big.

The Houston energy company plans to build a multibillion-dollar offshore export terminal halfway between Corpus Christi and Galveston to ship natural gas around the world.

As one of the first United States companies to be granted an export license, Excelerate Energy is looking to capitalize on an American oil and gas boom that is reshaping the global energy markets.

Once dependent on natural gas imports, the United States has gone from a buyer to a potential seller after a flurry of recent natural gas discoveries across the country accessible with new extraction technology.

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Submitted Oct 24, 2012 By: LetemEatCake

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LetemEatCake Champion Author Oklahoma City Posts:5,667 Points:1,229,200 Joined:Mar 2008	Message Posted: Oct 26, 2012 12:29:44 AM Ignore LetemEatCake Report Abuse It is very good for the US consumer! More money into the economy plus jobs! Wake up!
drpepperTX Champion Author Texas Posts:9,159 Points:778,875 Joined:Apr 2011	Message Posted: Oct 25, 2012 11:10:16 AM Ignore drpepperTX Report Abuse Actually it can be good for the US consumer jrs4125. You see, our country depends on trade for a strong economy. Our trade deficits are woeful and by cutting this deficit by exporting products, we create jobs, which creates more disposable income, which pays more taxes......
jrs4125 Champion Author Indiana Posts:2,898 Points:619,445 Joined:Sep 2011	Message Posted: Oct 25, 2012 7:20:36 AM Ignore jrs4125 Report Abuse Not good for the US consumer.
djgunrunner Champion Author Salt Lake City Posts:10,252 Points:2,376,305 Joined:Apr 2005	Message Posted: Oct 25, 2012 2:42:01 AM Ignore djgunrunner Report Abuse We should be using more of it a home in bi fuel cars produced by our auto industry.
LetemEatCake Champion Author Oklahoma City Posts:5,667 Points:1,229,200 Joined:Mar 2008	Message Posted: Oct 24, 2012 10:52:19 AM Ignore LetemEatCake Report Abuse Thanks for the great comments folks!
leemun Champion Author Utah Posts:5,683 Points:1,067,765 Joined:May 2010	Message Posted: Oct 24, 2012 10:09:33 AM Ignore leemun Report Abuse That will help our trade imbalance and bring money home.
DesertP90X Sophomore Author Riverside Posts:205 Points:45,875 Joined:Oct 2012	Message Posted: Oct 24, 2012 9:29:30 AM Ignore DesertP90X Report Abuse We shouldn't export until USA prices are at their cheapest for our Citizens first. Their should be an export tariff on resources.
dbellie Veteran Author Twin Cities Posts:326 Points:47,325 Joined:Nov 2010	Message Posted: Oct 24, 2012 8:43:03 AM Ignore dbellie Report Abuse there goes our "will last for decades", natural gas is so plentiful here
sljbc475 Champion Author Tucson Posts:4,360 Points:900,075 Joined:Dec 2010	Message Posted: Oct 24, 2012 8:36:28 AM Ignore sljbc475 Report Abuse Exports help the trade deficit.
drpepperTX Champion Author Texas Posts:9,159 Points:778,875 Joined:Apr 2011	Message Posted: Oct 24, 2012 8:28:44 AM Ignore drpepperTX Report Abuse Exactly doeslayersr.
doeslayersr Champion Author Illinois Posts:9,303 Points:899,705 Joined:Dec 2010	Message Posted: Oct 24, 2012 8:21:53 AM Ignore doeslayersr Report Abuse Exports bring $$$$ INTO this country..... exports are good!
Joeski1 Champion Author New Jersey Posts:10,210 Points:1,769,535 Joined:Dec 2004	Message Posted: Oct 24, 2012 8:19:55 AM Ignore Joeski1 Report Abuse Ah you suckers! The foolers will be socking it to ya just in time for winter heating bills! Un natural gas is unregulated for motor travel just like gasoline and diesel. Buy in, and you are gonna get zinged! With the fossil foolers, the joke is ALWAYS on the consumer. Poison our water and lands, and sell the product to foreigners! Good work gypsies!
qwerty17 Champion Author New Jersey Posts:3,760 Points:1,144,050 Joined:Oct 2009	Message Posted: Oct 24, 2012 8:14:18 AM Ignore qwerty17 Report Abuse why not? it's in mega-surplus here. it's called capitalism.
bkplenge Champion Author Tallahassee Posts:1,635 Points:124,690 Joined:Sep 2005	Message Posted: Oct 24, 2012 7:30:53 AM Ignore bkplenge Report Abuse One way to push natural gas prices up.
bicycle1966 All-Star Author Akron Posts:606 Points:414,360 Joined:Jul 2011	Message Posted: Oct 24, 2012 7:15:43 AM Ignore bicycle1966 Report Abuse exporting it helps make a win-win for the oil companies. Take advantage of higher prices overseas, while keeping prices higher here at home, too.
skippypa Champion Author Hawaii Posts:8,616 Points:1,768,630 Joined:Jun 2008	Message Posted: Oct 24, 2012 6:12:39 AM Ignore skippypa Report Abuse Hope they don't ship all of it around the world.
SUNOIL Champion Author Toledo Posts:5,380 Points:1,951,980 Joined:Jul 2007	Message Posted: Oct 24, 2012 5:22:13 AM Ignore SUNOIL Report Abuse As long as it doesn't affect our supply and cost
APlus Champion Author San Antonio Posts:4,013 Points:1,011,020 Joined:Apr 2007	Message Posted: Oct 24, 2012 5:02:47 AM Ignore APlus Report Abuse Keystone pipeline is all about exports - yet, we need it here now!!!!
Luckylindy Champion Author Milwaukee Posts:4,655 Points:1,154,770 Joined:May 2008	Message Posted: Oct 24, 2012 4:21:44 AM Ignore Luckylindy Report Abuse No! Keep it here.
djgunrunner Champion Author Salt Lake City Posts:10,252 Points:2,376,305 Joined:Apr 2005	Message Posted: Oct 24, 2012 3:55:54 AM Ignore djgunrunner Report Abuse In the mean time we have to pay more for fuel in America because of the shortages caused by exports. There should be an export tax on all exported fuels.
MN1 Champion Author Twin Cities Posts:3,494 Points:677,915 Joined:Jun 2011	Message Posted: Oct 24, 2012 3:32:05 AM Ignore MN1 Report Abuse What ever happened to energy independence?... it was just a convenient advertising campaign by the oil & gas companies to exploit US energy resources how ever and where ever they pleased. Now it will all go to the highest bidder.
pricewar Champion Author Ogden Posts:2,075 Points:302,490 Joined:Jul 2012	Message Posted: Oct 24, 2012 3:28:36 AM Ignore pricewar Report Abuse No body cares about our needs. It's all about making the dollar Who is the highest bidder [Edited by: pricewar at 10/24/2012 3:29:45 AM EST]
unipanini All-Star Author New York Posts:903 Points:264,575 Joined:Mar 2012	Message Posted: Oct 24, 2012 2:02:56 AM Ignore unipanini Report Abuse really?
Darwin00 All-Star Author Mississippi Posts:849 Points:292,985 Joined:Dec 2010	Message Posted: Oct 24, 2012 1:49:35 AM Ignore Darwin00 Report Abuse It is all about the money that can be made now. As of now it is unlikely anyone besides Cheniere will get approval to export to non free trade counties and that is where the money is. Check out the EIA website.
TBONE3 Champion Author Pennsylvania Posts:8,881 Points:2,004,125 Joined:Mar 2005	Message Posted: Oct 24, 2012 1:40:41 AM Ignore TBONE3 Report Abuse Well said TIGERPAW46!!
SparkieMi Champion Author Kalamazoo Posts:3,400 Points:615,595 Joined:Sep 2011	Message Posted: Oct 24, 2012 1:39:06 AM Ignore SparkieMi Report Abuse We should only export natural gas and oil after we meet our needs..
TIGERPAW46 Champion Author Florida Posts:7,241 Points:1,379,620 Joined:Mar 2004	Message Posted: Oct 24, 2012 1:34:34 AM Ignore TIGERPAW46 Report Abuse Only allow export of any American resources if we produce more than we Use with a buffer quantity. Also only If we have more than enough to last at anticipated usage until we are sure we won't need it anymore due to other Energy Sources available within our nation including Solar etc. Remember that may take a hundred yrs. by most recent analysis. [Edited by: TIGERPAW46 at 10/24/2012 1:36:04 AM EST]
unicornpmb Champion Author Buffalo Posts:8,631 Points:1,657,215 Joined:Sep 2005	Message Posted: Oct 24, 2012 1:33:40 AM Ignore unicornpmb Report Abuse Export it out and charge more here.
Buddy2264 Champion Author Tampa Posts:11,797 Points:2,387,670 Joined:Oct 2005	Message Posted: Oct 24, 2012 1:30:57 AM Ignore Buddy2264 Report Abuse I am guessing in time this will raise our prices. WE should use all of it we can to replace coal and oil.
CityCouponer Champion Author New Orleans Posts:1,073 Points:228,830 Joined:Aug 2012	Message Posted: Oct 24, 2012 1:27:50 AM Ignore CityCouponer Report Abuse Lower our prices 1st.
gmcgas Champion Author Atlanta Posts:6,094 Points:1,741,870 Joined:Mar 2004	Message Posted: Oct 24, 2012 1:26:59 AM Ignore gmcgas Report Abuse can you say price increase?
Prodaddy Champion Author Houston Posts:8,516 Points:1,922,785 Joined:May 2007	Message Posted: Oct 24, 2012 1:25:17 AM Ignore Prodaddy Report Abuse I hope it works
KrsnaDragon Champion Author Montreal Posts:2,547 Points:559,000 Joined:Nov 2011	Message Posted: Oct 24, 2012 1:21:51 AM Ignore KrsnaDragon Report Abuse This is good news.
btex49 Champion Author Austin Posts:2,840 Points:555,630 Joined:Aug 2011	Message Posted: Oct 24, 2012 1:19:22 AM Ignore btex49 Report Abuse Good news!
REVLAW Champion Author San Antonio Posts:10,576 Points:2,034,945 Joined:Jul 2007	Message Posted: Oct 24, 2012 1:17:21 AM Ignore REVLAW Report Abuse Note the writer style. Now doesn't that just give you a "warm fuzzy"?
HA4CNN Champion Author Toronto Posts:5,765 Points:1,571,190 Joined:Dec 2006	Message Posted: Oct 24, 2012 1:13:52 AM Ignore HA4CNN Report Abuse It is already happening and will increase in the future.
vulcan96 Champion Author Ohio Posts:27,145 Points:3,126,955 Joined:Aug 2004	Message Posted: Oct 24, 2012 1:08:48 AM Ignore vulcan96 Report Abuse just pass laws to hold the line on domestic prices.....!
RENEGADEGAS Champion Author Missouri Posts:15,069 Points:1,618,825 Joined:Jul 2008	Message Posted: Oct 24, 2012 1:08:42 AM Ignore RENEGADEGAS Report Abuse Yep... Given our current government this is to be expected. No concern for Americans.
Mowerman08 Champion Author Milwaukee Posts:4,883 Points:1,243,480 Joined:Aug 2008	Message Posted: Oct 24, 2012 1:08:14 AM Ignore Mowerman08 Report Abuse Does anyone besides me actually read the weekly export report posted here.
JohnofGB Champion Author Flint Posts:5,561 Points:1,123,895 Joined:Feb 2010	Message Posted: Oct 24, 2012 1:07:56 AM Ignore JohnofGB Report Abuse Since our so called leadership in Washington has fallen in love with "green " energy, they are totally blinded on how to make the transistion. Instead they have wasted billions on bad loans to bankrupt companies at taxpayer expense.
jjfisher All-Star Author Toledo Posts:559 Points:771,600 Joined:Aug 2008	Message Posted: Oct 24, 2012 1:05:18 AM Ignore jjfisher Report Abuse Don't be too hasty or our prices will be higher than need be.
DirtDauber Champion Author San Antonio Posts:6,922 Points:1,655,160 Joined:Nov 2005	Message Posted: Oct 24, 2012 1:04:32 AM Ignore DirtDauber Report Abuse Better to use it here.
kgbellman Champion Author Ann Arbor Posts:2,854 Points:759,540 Joined:Mar 2011	Message Posted: Oct 24, 2012 1:02:42 AM Ignore kgbellman Report Abuse It could do so good here at home, but then the fuel comanies may only get double digit profits4
Z51Corvette Champion Author Austin Posts:8,608 Points:1,697,410 Joined:Jan 2008	Message Posted: Oct 24, 2012 1:01:24 AM Ignore Z51Corvette Report Abuse Two words... FORGET IT!!!
BMWer Champion Author Calgary Posts:2,186 Points:1,691,900 Joined:Dec 2003	Message Posted: Oct 24, 2012 1:01:24 AM Ignore BMWer Report Abuse The US is buying Natural Gas from Canada...and also selling to Canada. Go figure.
69Bonne Champion Author Gary Posts:1,256 Points:493,350 Joined:Sep 2005	Message Posted: Oct 24, 2012 12:59:25 AM Ignore 69Bonne Report Abuse And there goes good prices on natural gas. Making for tougher winters.
Quick68 Champion Author Columbus Posts:8,448 Points:1,253,500 Joined:Dec 2009	Message Posted: Oct 24, 2012 12:53:40 AM Ignore Quick68 Report Abuse Forget natural gas around the world. Keep it here and lower the price.
1fulltank Champion Author Buffalo Posts:8,041 Points:1,571,970 Joined:Nov 2008	Message Posted: Oct 24, 2012 12:53:17 AM Ignore 1fulltank Report Abuse What will happen when the world market needs to be sated with CNG, just like with oil?
Kawibiker Champion Author Illinois Posts:1,221 Points:215,465 Joined:May 2012	Message Posted: Oct 24, 2012 12:50:41 AM Ignore Kawibiker Report Abuse Will this help with jobs? Or is this just another way for someone to get rich?
Matt G Champion Author Boston Posts:4,673 Points:2,800,740 Joined:Jun 2004	Message Posted: Oct 24, 2012 12:49:53 AM Ignore Matt G Report Abuse And we should charge at least $5.00