Word: exporting
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...those are only short-term fixes. For export-oriented Asian economies, the specter of a protracted U.S. recession remains daunting. Tommy Lam, owner of a garment factory in Dongguan, a Chinese city near Hong Kong, says that he has already seen a reduction in demand. "We're not getting the repeat orders we're supposed to get," Lam says...
...says his company, which makes coats for export, is in solid financial shape and will likely fare better than low-cost competitors. But securing credit remains a major problem for Hong Kong's small business community. "Right now we're facing trouble," he says. "The banks are advising us that they may have to tighten our credit. They're giving letters to warn us they may cut our credit in the future...
...Alaskan LNG plant is owned by Marathon Oil and ConocoPhillips, which asked the Department of Energy in 2007 for permission to export about 100 billion cubic feet of gas to Asia over two years from the roughly 300 billion cubic feet of gas that is likely to be produced. The overseas connection not only provides an outlet for fuel produced beyond the limited needs of Alaska, it is highly profitable - LNG prices in the Pacific rim can run twice as high as those...
...time did Palin or her government cite the desire to preserve Alaskan gas for the lower 48 states. The Sempra terminal began operations just four months after Palin announced unconditional support for the Marathon and ConocoPhillips request and a month before DOE approved their plans to export gas to Asia. The development of the Mexico plant was well-known and much anticipated in energy circles...
According to Senator Ron Wyden, the Alaskan gas slated for Asia between 2009 and 2011 could meet the annual consumption of 1.4 million American families. The Oregon Democrat has accused Palin of a "major contradiction" between her support for gas exports and campaign emphasis on more drilling to slake US energy needs. "It's pretty outrageous to scare Americans about energy shortages while she has been approving export of billions of cubic feet of natural gas that could be providing energy to homes in Alaska and the lower 48 states," he said...