Posted on 06/13/2013 4:32:29 PM PDT by Red in Blue PA
WASHINGTON (Reuters) - Delays in approval of more natural gas export projects are costing U.S. companies millions of dollars a day and giving a leg up to rival countries also looking to boost exports, the chief of Exxon Mobil Corp (XOM.N) said on Thursday. The comments by Exxon's Rex Tillerson came hours after new U.S. Energy Secretary Ernest Moniz told lawmakers he hopes to "expeditiously" begin evaluating the more than a dozen applications awaiting approval to export liquefied natural gas (LNG). "It's a very competitive marketplace. It's not like people are just going to stand at our door like panting dogs just waiting for us to give this (LNG) to them," Tillerson said while answering questions after an event at the Asia Society focused on Asian energy security.
(Excerpt) Read more at finance.yahoo.com ...
We should be making plastics plants here to use the cheap LNG to help the economy here. We need jobs. We should be producing jobs here.
The money earned by LNG exports could help produce those jobs.
Why doesn't he just stop hoping to begin evaluating and just begin evaluating? Isn't he the boss? Maybe the answer is NO.
The plastics are made with Natural Gas Liquids (propane, ethane, etc) not Liquid Natural Gas (which is methane cooled to -260°F).
We are building several new plants and expanding existing plants. Exporting LNG doesn’t compete with local plastic industry.
Thanks I didn’t know that. Sell away.
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