It’s hard to believe how North America’s oil and gas industry—a conservative bastion—has been turned upside down in such a short period of time. And it’s all because of the Shale Revolution.
Look at pipelines. They cost billions, take years to plan, get approvals, sign up committed customers with take-or-pay provisions etc.—and now some are being made redundant within a few years.
But the BIGGEST change in pipelines is happening because the industry discovered a massive new shale gas deposit in the northeast US—the Marcellus Shale.