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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
Category: Daily News Article Discussions > Topics Add to favorite topics  
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doctorindyj
Champion Author Santa Fe

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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]
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DanMtz
Champion Author Oakland

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Message Posted: Dec 17, 2012 11:40:01 AM

Sounds good.
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honda0105
Champion Author Tallahassee

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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.
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SkooterG
Champion Author Phoenix

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Message Posted: Dec 16, 2012 10:48:32 PM

Interesting read.
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2008JeepX
Sophomore Author Newfoundland

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Message Posted: Dec 16, 2012 3:04:34 PM

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

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Message Posted: Dec 16, 2012 12:35:01 PM

Perfect!!
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Jeff4U
Champion Author Atlanta

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Message Posted: Dec 16, 2012 12:22:33 PM

Haha OPEC!
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cucamongacurtis
Champion Author San Bernardino

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Message Posted: Dec 16, 2012 11:39:57 AM

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

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Message Posted: Dec 16, 2012 11:30:23 AM

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

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Message Posted: Dec 16, 2012 11:19:59 AM

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

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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.
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EdWoods
Champion Author Maryland

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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
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bwatchingu
Champion Author Arkansas

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Message Posted: Dec 16, 2012 9:30:33 AM

interesting
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fora_7
Champion Author Montreal

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Message Posted: Dec 16, 2012 9:19:02 AM

So they are not running that short
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OldMan322
Champion Author Illinois

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Message Posted: Dec 16, 2012 8:33:36 AM

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

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Message Posted: Dec 16, 2012 8:29:01 AM

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

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Message Posted: Dec 16, 2012 6:58:20 AM

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

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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.
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gafgar
Champion Author Detroit

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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?
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Z06KY
Champion Author Louisville

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Message Posted: Dec 16, 2012 6:55:21 AM

Great news.
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sabre75
Champion Author Florida

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Message Posted: Dec 16, 2012 6:53:12 AM

What Ever!
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mystic92
Champion Author New Jersey

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Message Posted: Dec 16, 2012 6:52:41 AM

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

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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!!!
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KE4YBZ
All-Star Author Knoxville

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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!
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Pointtx
Champion Author Austin

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Message Posted: Dec 16, 2012 6:49:24 AM

Says the oil company.
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harleydoctor
Champion Author Kansas

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Message Posted: Dec 16, 2012 6:48:50 AM

Otay......
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grandmacbc
Champion Author Buffalo

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Message Posted: Dec 16, 2012 6:44:32 AM

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

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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.
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werich44
Champion Author California

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Message Posted: Dec 16, 2012 5:25:26 AM

Stop exporting!
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skippypa
Champion Author Hawaii

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Message Posted: Dec 16, 2012 5:11:10 AM

Protect america first!!!
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SHEP20715
Champion Author Maryland

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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.
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RonElp
All-Star Author El Paso

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Message Posted: Dec 16, 2012 3:47:44 AM

More propaganda from the oil companies.
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roadrunnerMO
Champion Author Kansas

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Message Posted: Dec 16, 2012 3:45:30 AM

They are already shipping it overseas.
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SparkieMi
Champion Author Kalamazoo

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Message Posted: Dec 16, 2012 3:27:12 AM

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

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Message Posted: Dec 16, 2012 3:21:00 AM

Whoopi
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SparkieMi
Champion Author Kalamazoo

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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...
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metrojeep
Champion Author Fort Worth

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Message Posted: Dec 16, 2012 3:08:57 AM

Great
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Retowered
Champion Author Colorado

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Message Posted: Dec 16, 2012 3:03:33 AM

Okay.
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rosyLI
Champion Author Long Island

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Message Posted: Dec 16, 2012 3:03:00 AM

Let's hope so.
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bobdec
Champion Author Miami

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Message Posted: Dec 16, 2012 3:00:41 AM

Only export excess
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vulcan96
Champion Author Ohio

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Message Posted: Dec 16, 2012 2:56:13 AM

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

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Message Posted: Dec 16, 2012 2:54:25 AM

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

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Message Posted: Dec 16, 2012 2:50:51 AM

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

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Message Posted: Dec 16, 2012 2:48:57 AM

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

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Message Posted: Dec 16, 2012 2:46:01 AM

Great news.
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Bruno44
Champion Author Texas

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Message Posted: Dec 16, 2012 2:45:00 AM

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

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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.
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SnickersDog
Champion Author Denver

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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.
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Palantas
All-Star Author Indianapolis

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Message Posted: Dec 16, 2012 2:42:28 AM

Go USA.
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Happytalk
Champion Author Pennsylvania

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Message Posted: Dec 16, 2012 2:40:10 AM

create jobs
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