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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.

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Submitted Dec 16, 2012 By: skb69sa

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doctorindyj Champion Author Santa Fe Posts:3,543 Points:865,285 Joined:Nov 2009	Message Posted: Dec 17, 2012 11:42:23 AM Ignore doctorindyj Report Abuse 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]
DanMtz Champion Author Oakland Posts:3,496 Points:1,271,125 Joined:Oct 2009	Message Posted: Dec 17, 2012 11:40:01 AM Ignore DanMtz Report Abuse Sounds good.
honda0105 Champion Author Tallahassee Posts:18,834 Points:1,638,195 Joined:Nov 2008	Message Posted: Dec 17, 2012 5:56:36 AM Ignore honda0105 Report Abuse that is, if the stars all align and Americans actually learn to conserve energy, not just waste it.
SkooterG Champion Author Phoenix Posts:1,369 Points:344,185 Joined:May 2012	Message Posted: Dec 16, 2012 10:48:32 PM Ignore SkooterG Report Abuse Interesting read.
2008JeepX Sophomore Author Newfoundland Posts:238 Points:72,550 Joined:Jan 2009	Message Posted: Dec 16, 2012 3:04:34 PM Ignore 2008JeepX Report Abuse Good!!!! and keep it in North America and not ship it to China...
7SPEEDY7 Champion Author Flint Posts:1,431 Points:634,125 Joined:May 2011	Message Posted: Dec 16, 2012 12:35:01 PM Ignore 7SPEEDY7 Report Abuse Perfect!!
Jeff4U Champion Author Atlanta Posts:8,895 Points:1,879,930 Joined:Nov 2004	Message Posted: Dec 16, 2012 12:22:33 PM Ignore Jeff4U Report Abuse Haha OPEC!
cucamongacurtis Champion Author San Bernardino Posts:1,169 Points:247,960 Joined:Oct 2012	Message Posted: Dec 16, 2012 11:39:57 AM Ignore cucamongacurtis Report Abuse Drill here, stop sending jobs overseas.
gbs1 Champion Author Minnesota Posts:2,146 Points:770,525 Joined:Mar 2011	Message Posted: Dec 16, 2012 11:30:23 AM Ignore gbs1 Report Abuse A combination of increased production and increased efficiency is a good thing.
jimgraham Champion Author Akron Posts:10,515 Points:2,008,425 Joined:Oct 2007	Message Posted: Dec 16, 2012 11:19:59 AM Ignore jimgraham Report Abuse Unless Great Britain and eastern Europe start fracking and supplying all their own needs.
WaWanderer Champion Author Washington Posts:4,516 Points:613,875 Joined:Oct 2011	Message Posted: Dec 16, 2012 11:05:50 AM Ignore WaWanderer Report Abuse 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.
EdWoods Veteran Author Maryland Posts:494 Points:74,675 Joined:Aug 2012	Message Posted: Dec 16, 2012 10:50:45 AM Ignore EdWoods Report Abuse Whatever...... Just be sure that our needs are met 199%, and at absolute rock bottom prices, before exporting anything
bwatchingu Champion Author Arkansas Posts:1,864 Points:628,900 Joined:Jan 2009	Message Posted: Dec 16, 2012 9:30:33 AM Ignore bwatchingu Report Abuse interesting
fora_7 All-Star Author Montreal Posts:995 Points:233,825 Joined:Sep 2012	Message Posted: Dec 16, 2012 9:19:02 AM Ignore fora_7 Report Abuse So they are not running that short
OldMan322 Champion Author Illinois Posts:5,287 Points:1,622,880 Joined:Jul 2008	Message Posted: Dec 16, 2012 8:33:36 AM Ignore OldMan322 Report Abuse "gafgar" They will think of something
danny999 Champion Author Florida Posts:8,868 Points:1,667,735 Joined:Oct 2008	Message Posted: Dec 16, 2012 8:29:01 AM Ignore danny999 Report Abuse They're all kissing OBUMMAS ring now.
greshams Champion Author Cincinnati Posts:2,151 Points:404,080 Joined:Nov 2011	Message Posted: Dec 16, 2012 6:58:20 AM Ignore greshams Report Abuse I'm glad to see things are going in the right direction for a change.
JagXKR Champion Author British Columbia Posts:3,298 Points:1,119,340 Joined:Dec 2009	Message Posted: Dec 16, 2012 6:56:06 AM Ignore JagXKR Report Abuse 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.
gafgar Champion Author Detroit Posts:1,143 Points:345,440 Joined:Feb 2012	Message Posted: Dec 16, 2012 6:55:47 AM Ignore gafgar Report Abuse i thought the world was running out of fossil fuels. what excuse will they come up with to bone us at the pumps next?
Z06KY Champion Author Louisville Posts:5,291 Points:934,390 Joined:Nov 2010	Message Posted: Dec 16, 2012 6:55:21 AM Ignore Z06KY Report Abuse Great news.
sabre75 Champion Author Florida Posts:1,663 Points:340,795 Joined:May 2012	Message Posted: Dec 16, 2012 6:53:12 AM Ignore sabre75 Report Abuse What Ever!
mystic92 Champion Author New Jersey Posts:1,325 Points:345,845 Joined:May 2012	Message Posted: Dec 16, 2012 6:52:41 AM Ignore mystic92 Report Abuse It sounds like another Oil company story to me .
SSchmidty Champion Author Illinois Posts:9,492 Points:1,804,455 Joined:Mar 2008	Message Posted: Dec 16, 2012 6:52:19 AM Ignore SSchmidty Report Abuse 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!!!
KE4YBZ All-Star Author Knoxville Posts:580 Points:582,300 Joined:May 2011	Message Posted: Dec 16, 2012 6:51:48 AM Ignore KE4YBZ Report Abuse 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!
Pointtx Champion Author Austin Posts:3,366 Points:749,330 Joined:Mar 2011	Message Posted: Dec 16, 2012 6:49:24 AM Ignore Pointtx Report Abuse Says the oil company.
harleydoctor Champion Author Kansas Posts:7,490 Points:1,957,260 Joined:Sep 2005	Message Posted: Dec 16, 2012 6:48:50 AM Ignore harleydoctor Report Abuse Otay......
grandmacbc Champion Author Buffalo Posts:6,675 Points:1,451,500 Joined:Oct 2008	Message Posted: Dec 16, 2012 6:44:32 AM Ignore grandmacbc Report Abuse just so it doesn't create hardships for us
wrunner Champion Author Virginia Posts:4,587 Points:1,165,060 Joined:Dec 2009	Message Posted: Dec 16, 2012 6:13:29 AM Ignore wrunner Report Abuse Let the market forces take the lead, let the industry take care of business and let legislators pass laws accordingly.
werich44 Champion Author California Posts:1,999 Points:496,505 Joined:Jun 2011	Message Posted: Dec 16, 2012 5:25:26 AM Ignore werich44 Report Abuse Stop exporting!
skippypa Champion Author Hawaii Posts:8,621 Points:1,769,605 Joined:Jun 2008	Message Posted: Dec 16, 2012 5:11:10 AM Ignore skippypa Report Abuse Protect america first!!!
SHEP20715 Champion Author Maryland Posts:8,617 Points:1,743,030 Joined:Nov 2007	Message Posted: Dec 16, 2012 4:51:04 AM Ignore SHEP20715 Report Abuse 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.
RonElp All-Star Author El Paso Posts:763 Points:109,620 Joined:Aug 2012	Message Posted: Dec 16, 2012 3:47:44 AM Ignore RonElp Report Abuse More propaganda from the oil companies.
roadrunnerMO Champion Author Kansas Posts:8,552 Points:1,728,140 Joined:Jul 2008	Message Posted: Dec 16, 2012 3:45:30 AM Ignore roadrunnerMO Report Abuse They are already shipping it overseas.
SparkieMi Champion Author Kalamazoo Posts:3,407 Points:616,610 Joined:Sep 2011	Message Posted: Dec 16, 2012 3:27:12 AM Ignore SparkieMi Report Abuse WHEN will our Congress do what is best for our country first!!!!
pricewar Champion Author Ogden Posts:2,080 Points:302,715 Joined:Jul 2012	Message Posted: Dec 16, 2012 3:21:00 AM Ignore pricewar Report Abuse Whoopi
SparkieMi Champion Author Kalamazoo Posts:3,407 Points:616,610 Joined:Sep 2011	Message Posted: Dec 16, 2012 3:20:44 AM Ignore SparkieMi Report Abuse Many good posts... Pump prices need to drop way down then export excess not before.... Look at mid eastern oil producing countries pump prices...
metrojeep Champion Author Fort Worth Posts:2,409 Points:463,545 Joined:Feb 2012	Message Posted: Dec 16, 2012 3:08:57 AM Ignore metrojeep Report Abuse Great
Retowered Champion Author Colorado Posts:8,722 Points:2,714,090 Joined:May 2004	Message Posted: Dec 16, 2012 3:03:33 AM Ignore Retowered Report Abuse Okay.
rosyLI Champion Author Long Island Posts:5,780 Points:1,095,030 Joined:Apr 2010	Message Posted: Dec 16, 2012 3:03:00 AM Ignore rosyLI Report Abuse Let's hope so.
bobdec Champion Author Miami Posts:9,104 Points:1,797,520 Joined:May 2008	Message Posted: Dec 16, 2012 3:00:41 AM Ignore bobdec Report Abuse Only export excess
vulcan96 Champion Author Ohio Posts:27,151 Points:3,127,930 Joined:Aug 2004	Message Posted: Dec 16, 2012 2:56:13 AM Ignore vulcan96 Report Abuse domestic fuel should be subsidised before we open up the exports....
divebomber Champion Author Nebraska Posts:6,218 Points:1,839,975 Joined:Jun 2007	Message Posted: Dec 16, 2012 2:54:25 AM Ignore divebomber Report Abuse 3RD ATRICLE WE'RE FAT FOR THE NEAR FUTURE!
1fulltank Champion Author Buffalo Posts:8,041 Points:1,571,970 Joined:Nov 2008	Message Posted: Dec 16, 2012 2:50:51 AM Ignore 1fulltank Report Abuse It's not like this is a sudden surprise.
kgbellman Champion Author Ann Arbor Posts:2,859 Points:760,515 Joined:Mar 2011	Message Posted: Dec 16, 2012 2:48:57 AM Ignore kgbellman Report Abuse Let's hope so, but hopefully we become energy independent before exporting
jpgilmor Champion Author Houston Posts:2,301 Points:631,875 Joined:Feb 2011	Message Posted: Dec 16, 2012 2:46:01 AM Ignore jpgilmor Report Abuse Great news.
Bruno44 Champion Author Texas Posts:7,222 Points:1,796,870 Joined:Sep 2007	Message Posted: Dec 16, 2012 2:45:00 AM Ignore Bruno44 Report Abuse Agree with btex49, SnickersDog and others.
djgunrunner Champion Author Salt Lake City Posts:10,257 Points:2,377,280 Joined:Apr 2005	Message Posted: Dec 16, 2012 2:44:01 AM Ignore djgunrunner Report Abuse 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.
SnickersDog Champion Author Denver Posts:3,419 Points:707,710 Joined:Feb 2011	Message Posted: Dec 16, 2012 2:42:44 AM Ignore SnickersDog Report Abuse 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.
Palantas All-Star Author Indianapolis Posts:805 Points:425,985 Joined:Sep 2011	Message Posted: Dec 16, 2012 2:42:28 AM Ignore Palantas Report Abuse Go USA.
Happytalk Champion Author Pennsylvania Posts:2,281 Points:605,790 Joined:May 2010	Message Posted: Dec 16, 2012 2:40:10 AM Ignore Happytalk Report Abuse create jobs