Lankford shot back that he didn't think it would be inappropriate for the Energy Department to “decide when you're going to decide. At some point there's got to be something in your forecast — ‘We're going to decide by this point.'”
Smith said later, “Our job has been to come up with a standard which we're then going to have to defend when we write the order.
“So we're looking at a very wide range of factors that Americans care about — the balance of trade, creation of jobs, GDP (gross domestic product), the impact of prices on consumers and American families, the impact of prices on American industry, energy security, environmental issues,” Smith said.
But Paul Cicio, president of Industrial Energy Consumers of America, said liquefied natural gas exports “have the potential to slow or stop the manufacturing renaissance. A lot is at stake.”
Thomas Y. Choi, a natural gas expert with Deloitte Marketpoint, testified that increasing exports would have only a modest impact on domestic prices.