There is no comparison which allows us to be able to produce the gas at a much lower cost. I think the real important point here is that right now what australia is experiencing because they are exporting literally 50 , more than 50 of what theyre producing their exporting. Even in the most well, the eia projections so we will be exporting only 9 of our production in 2040. I think there really is no comparison to make there, and no threat that the United States would end up experiencing the same type. My understanding is our market is roughly about 40 times the size of australia, and were talking about much lower levels of overall exports, correct . Thats correct. Mr. Smith, i want to turn to you real quick. If it were enacted, this legislation is passed and signed, would you expect our bill to change the number of applications for export to nonfda countries that eventually would be approved or disapproved by d. O. E. . Thanks for the question senator. I honestly think it would be impo
Hence geothermal nuclear, they remain core and important parts of the department of energys technology program. That said, we have seen big fluctuations in Natural Gas Prices, that have come from a variety of sources. That is something that we have to take into account. We look at the importance of price when we look at Public Interest determination. They impact the price on consumers, on manufacturers, and a lot 6 the issues that you heard here on the panel. That is something were focused on. We think it is very important. But over time, as you look at our research and development program, in the area that i manage which deals with throughout the department of energy, we want to make sure were pushing those technologies here in the United States. Thank you again. Thank you madam chair. I thank the witnesses for being here today. Im very pleased to be here, and also to be a cosponsor of senator barrassos bill. Many people think of the shelf as occurring in the western states, like wyom
Could get a green light to produce something make something, move forward with a project in the United States of america pretty quickly. Now were ranked 41st in the world in the dealing with Construction Permit category by the world bank. Were getting worse. Other countries are Getting Better. Germany, Something Like number eight. South korea is Something Like number 12. And capital is flowing to different places around the world and not coming here because of the time it takes to permit something. Yesterday i introduced legislation with senator mccaskill thats bipartisan, thats a balanced approach to how do you get at some of this permitting. Senator king is a cosponsor of that legislation. Hes got an incredible background in this, having been a governor, but also in the private sector dealing with permitting. What i like about this legislation is it doesnt take away d. O. E. s approval authority, but it says you have to do it in 45 days. I appreciate what mr. Smith said about the fac
And direction that you are taking. But i think we here in Congress Need to be thinking longterm. Secretary moniz has made very clear that he wants to work through this process, but i worry that perhaps a future secretary of energy might not be as favorable to lng exports connelling out of this secretary around the administration. So i question that i would ask you very directly is whether or not you think s33, as it is written, is workable and achievable. Thank you, madam chair, for the question. First of all, we understand the intents and interest of this legislation and in fact, as i listened to many of the comments that have been made here in opening statements, we share many of these drives, many of these core values of transparency, make being prudent Public Interest determinations. So i think we have a lot in common in terms of what we want to accomplish and we understand the intent of the legislation. In fact, the changes that the department of has made to our internal process h
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