Not Logged In Log In   Sign Up   Points Leaders
Follow Us    8:20 AM

GasBuddy News Article

34
votes
Exxon: US energy revival has staying power

Electric Light & Power -- Exxon says the energy renaissance in the U.S. will continue and predicts that North America will become a net exporter of oil and natural gas by the middle of the next decade. The company's annual long-term energy outlook, released Tuesday, says the rapid growth of production in the U.S. and Canada, along with improved energy efficiency, will lead to more oil and natural gas being sent overseas. Exxon Mobil Corp.'s annual outlook is noted by investors and policymakers, and the company says its conclusions shape its decisions about where to invest. The main conclusions dovetail with recent forecasts from the U.S. government and others.

Among the main themes from Exxon's report: * Demand for energy will grow worldwide, but slower than the overall economy because of efficiency gains.


Read the Full Article

Submitted Dec 16, 2012 By: skb69sa
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Exxon: US energy revival has staying power Back to Topics
REPLIES (newest first) Post a Reply
Profile Pic
doctorindyj
Champion Author Santa Fe

Posts:5,036
Points:1,433,355
Joined:Nov 2009
Message Posted: Dec 17, 2012 11:42:23 AM

Shh, don't let the eco-nuts know or they'll find a way to try and shut it down.

[Edited by: doctorindyj at 12/17/2012 11:43:54 AM EST]
Profile Pic
DanMtz
Champion Author Oakland

Posts:6,103
Points:1,891,140
Joined:Oct 2009
Message Posted: Dec 17, 2012 11:40:01 AM

Sounds good.
Profile Pic
honda0105
Champion Author Tallahassee

Posts:23,175
Points:2,258,765
Joined:Nov 2008
Message Posted: Dec 17, 2012 5:56:36 AM

that is, if the stars all align and Americans actually learn to conserve energy, not just waste it.
Profile Pic
SkooterG
Champion Author Phoenix

Posts:3,383
Points:927,575
Joined:May 2012
Message Posted: Dec 16, 2012 10:48:32 PM

Interesting read.
Profile Pic
2008JeepX
Sophomore Author Newfoundland

Posts:238
Points:73,225
Joined:Jan 2009
Message Posted: Dec 16, 2012 3:04:34 PM

Good!!!! and keep it in North America and not ship it to China...
Profile Pic
7SPEEDY7
Champion Author Flint

Posts:3,641
Points:1,233,595
Joined:May 2011
Message Posted: Dec 16, 2012 12:35:01 PM

Perfect!!
Profile Pic
Jeff4U
Champion Author Atlanta

Posts:11,604
Points:2,497,780
Joined:Nov 2004
Message Posted: Dec 16, 2012 12:22:33 PM

Haha OPEC!
Profile Pic
cucamongacurtis
Champion Author San Bernardino

Posts:3,658
Points:860,390
Joined:Oct 2012
Message Posted: Dec 16, 2012 11:39:57 AM

Drill here, stop sending jobs overseas.
Profile Pic
gbs1
Champion Author Minnesota

Posts:4,751
Points:1,390,900
Joined:Mar 2011
Message Posted: Dec 16, 2012 11:30:23 AM

A combination of increased production and increased efficiency is a good thing.
Profile Pic
jimgraham
Champion Author Akron

Posts:13,137
Points:2,628,025
Joined:Oct 2007
Message Posted: Dec 16, 2012 11:19:59 AM

Unless Great Britain and eastern Europe start fracking and supplying all their own needs.
Profile Pic
WaWanderer
Champion Author Washington

Posts:9,489
Points:1,233,075
Joined:Oct 2011
Message Posted: Dec 16, 2012 11:05:50 AM

It is based on supply and demand. If it will get a better profit margin elsewhere than we will have to pay more for oil.
Profile Pic
EdWoods
Champion Author Maryland

Posts:2,074
Points:471,225
Joined:Aug 2012
Message Posted: Dec 16, 2012 10:50:45 AM

Whatever...... Just be sure that our needs are met 199%, and at absolute rock bottom prices, before exporting anything
Profile Pic
bwatchingu
Champion Author Arkansas

Posts:4,448
Points:1,248,275
Joined:Jan 2009
Message Posted: Dec 16, 2012 9:30:33 AM

interesting
Profile Pic
fora_7
Champion Author Montreal

Posts:3,626
Points:853,700
Joined:Sep 2012
Message Posted: Dec 16, 2012 9:19:02 AM

So they are not running that short
Profile Pic
OldMan322
Champion Author Illinois

Posts:10,400
Points:2,242,505
Joined:Jul 2008
Message Posted: Dec 16, 2012 8:33:36 AM

"gafgar" They will think of something
Profile Pic
danny999
Champion Author Florida

Posts:11,483
Points:2,287,735
Joined:Oct 2008
Message Posted: Dec 16, 2012 8:29:01 AM

They're all kissing OBUMMAS ring now.
Profile Pic
greshams
Champion Author Cincinnati

Posts:4,791
Points:1,023,405
Joined:Nov 2011
Message Posted: Dec 16, 2012 6:58:20 AM

I'm glad to see things are going in the right direction for a change.
Profile Pic
JagXKR
Champion Author British Columbia

Posts:5,836
Points:1,734,510
Joined:Dec 2009
Message Posted: Dec 16, 2012 6:56:06 AM

SSchmidty you are wrong. Those numbers are old news and the new finds of oil are more than they have ever been. The old way of getting oil may be down but the new processes have changed the whole story.
Profile Pic
gafgar
Champion Author Detroit

Posts:2,897
Points:757,175
Joined:Feb 2012
Message Posted: Dec 16, 2012 6:55:47 AM

i thought the world was running out of fossil fuels. what excuse will they come up with to bone us at the pumps next?
Profile Pic
Z06KY
Champion Author Louisville

Posts:7,917
Points:1,548,345
Joined:Nov 2010
Message Posted: Dec 16, 2012 6:55:21 AM

Great news.
Profile Pic
sabre75
Champion Author Florida

Posts:1,691
Points:354,685
Joined:May 2012
Message Posted: Dec 16, 2012 6:53:12 AM

What Ever!
Profile Pic
mystic92
Champion Author New Jersey

Posts:3,895
Points:968,585
Joined:May 2012
Message Posted: Dec 16, 2012 6:52:41 AM

It sounds like another Oil company story to me .
Profile Pic
SSchmidty
Champion Author Illinois

Posts:12,029
Points:2,399,250
Joined:Mar 2008
Message Posted: Dec 16, 2012 6:52:19 AM

more BIG lires .... clearly not paying attention to basic facts...the supply is diminishing and FAST with between 2019 and 2040 when the implosion is coming for unsustainably high prices. Try on $400/barrel.

THIS has been documented on History Channel 2 already in a program series. Oops!!!
Profile Pic
KE4YBZ
All-Star Author Knoxville

Posts:593
Points:1,118,360
Joined:May 2011
Message Posted: Dec 16, 2012 6:51:48 AM

Sure hope so! Of course, this IS Exxon talking. But it would still be a good thing if we can become more & more energy in-dependent!
Profile Pic
Pointtx
Champion Author Austin

Posts:5,833
Points:1,341,275
Joined:Mar 2011
Message Posted: Dec 16, 2012 6:49:24 AM

Says the oil company.
Profile Pic
harleydoctor
Champion Author Kansas

Posts:10,107
Points:2,577,360
Joined:Sep 2005
Message Posted: Dec 16, 2012 6:48:50 AM

Otay......
Profile Pic
grandmacbc
Champion Author Buffalo

Posts:9,222
Points:2,043,915
Joined:Oct 2008
Message Posted: Dec 16, 2012 6:44:32 AM

just so it doesn't create hardships for us
Profile Pic
wrunner
Champion Author Virginia

Posts:7,267
Points:1,784,475
Joined:Dec 2009
Message Posted: Dec 16, 2012 6:13:29 AM

Let the market forces take the lead, let the industry take care of business and let legislators pass laws accordingly.
Profile Pic
werich44
Champion Author California

Posts:4,596
Points:1,108,940
Joined:Jun 2011
Message Posted: Dec 16, 2012 5:25:26 AM

Stop exporting!
Profile Pic
skippypa
Champion Author Hawaii

Posts:11,240
Points:2,389,830
Joined:Jun 2008
Message Posted: Dec 16, 2012 5:11:10 AM

Protect america first!!!
Profile Pic
SHEP20715
Champion Author Maryland

Posts:11,284
Points:2,361,590
Joined:Nov 2007
Message Posted: Dec 16, 2012 4:51:04 AM

Exxon is investing its money based o these reports. Now if our obstructionist congress, wants to stay in office, they will start protecting the American people, by regulating exports.
Profile Pic
RonElp
All-Star Author El Paso

Posts:763
Points:109,720
Joined:Aug 2012
Message Posted: Dec 16, 2012 3:47:44 AM

More propaganda from the oil companies.
Profile Pic
roadrunnerMO
Champion Author Kansas

Posts:11,171
Points:2,348,665
Joined:Jul 2008
Message Posted: Dec 16, 2012 3:45:30 AM

They are already shipping it overseas.
Profile Pic
SparkieMi
Champion Author Kalamazoo

Posts:5,860
Points:1,216,545
Joined:Sep 2011
Message Posted: Dec 16, 2012 3:27:12 AM

WHEN will our Congress do what is best for our country first!!!!
Profile Pic
pricewar
Champion Author Ogden

Posts:4,749
Points:923,630
Joined:Jul 2012
Message Posted: Dec 16, 2012 3:21:00 AM

Whoopi
Profile Pic
SparkieMi
Champion Author Kalamazoo

Posts:5,860
Points:1,216,545
Joined:Sep 2011
Message Posted: Dec 16, 2012 3:20:44 AM

Many good posts... Pump prices need to drop way down then export excess
not before.... Look at mid eastern oil producing countries pump prices...
Profile Pic
metrojeep
Champion Author Fort Worth

Posts:5,102
Points:1,082,620
Joined:Feb 2012
Message Posted: Dec 16, 2012 3:08:57 AM

Great
Profile Pic
Retowered
Champion Author Colorado

Posts:11,327
Points:3,332,890
Joined:May 2004
Message Posted: Dec 16, 2012 3:03:33 AM

Okay.
Profile Pic
rosyLI
Champion Author Long Island

Posts:8,286
Points:1,686,285
Joined:Apr 2010
Message Posted: Dec 16, 2012 3:03:00 AM

Let's hope so.
Profile Pic
bobdec
Champion Author Miami

Posts:11,517
Points:2,383,095
Joined:May 2008
Message Posted: Dec 16, 2012 3:00:41 AM

Only export excess
Profile Pic
vulcan96
Champion Author Ohio

Posts:27,181
Points:3,133,135
Joined:Aug 2004
Message Posted: Dec 16, 2012 2:56:13 AM

domestic fuel should be subsidised before we open up the exports....
Profile Pic
divebomber
Champion Author Nebraska

Posts:8,843
Points:2,458,295
Joined:Jun 2007
Message Posted: Dec 16, 2012 2:54:25 AM

3RD ATRICLE WE'RE FAT FOR THE NEAR FUTURE!
Profile Pic
1fulltank
Champion Author Buffalo

Posts:10,429
Points:2,154,720
Joined:Nov 2008
Message Posted: Dec 16, 2012 2:50:51 AM

It's not like this is a sudden surprise.
Profile Pic
kgbellman
Champion Author Ann Arbor

Posts:5,439
Points:1,379,075
Joined:Mar 2011
Message Posted: Dec 16, 2012 2:48:57 AM

Let's hope so, but hopefully we become energy independent before exporting
Profile Pic
jpgilmor
Champion Author Houston

Posts:4,212
Points:1,204,585
Joined:Feb 2011
Message Posted: Dec 16, 2012 2:46:01 AM

Great news.
Profile Pic
Bruno44
Champion Author Texas

Posts:9,746
Points:2,397,755
Joined:Sep 2007
Message Posted: Dec 16, 2012 2:45:00 AM

Agree with btex49, SnickersDog and others.
Profile Pic
djgunrunner
Champion Author Salt Lake City

Posts:13,015
Points:2,991,135
Joined:Apr 2005
Message Posted: Dec 16, 2012 2:44:01 AM

Sure it is their prerogative to sell to anyone but they should remember where they live and what country they belong to. They should also remember that when they oversell and turn around and gouge the public because they caused a shortage that it very well could come back to haunt them.
Profile Pic
SnickersDog
Champion Author Denver

Posts:6,009
Points:1,324,400
Joined:Feb 2011
Message Posted: Dec 16, 2012 2:42:44 AM

Yeah for the United States. People don't like it move to middle east see if they will listen.Bring on the jobs and the net exports.
Profile Pic
Palantas
All-Star Author Indianapolis

Posts:829
Points:527,800
Joined:Sep 2011
Message Posted: Dec 16, 2012 2:42:28 AM

Go USA.
Profile Pic
Happytalk
Champion Author Pennsylvania

Posts:4,866
Points:1,225,125
Joined:May 2010
Message Posted: Dec 16, 2012 2:40:10 AM

create jobs
Post a reply Back to Topics