In the following video, Motley Fool energy analysts Joel South and Taylor Muckerman discuss the Obama administration's recent approval of a second facility in the U.S. for exporting liquefied natural gas to non-free-trade countries, the Freeport LNG facility, which is 50% owned by ConocoPhillips (NYSE:COP). Increasing the amount that natural gas producers are able to export overseas is expected to drive natural gas prices upward across the board, which will affect consumers. Just how much will this push up your energy bills at home? Joel gives us some estimates.

Joel South and Taylor Muckerman have no position in any stocks mentioned. The Motley Fool has options on Chesapeake Energy. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.