THE SHALE GAS REVOLUTION: NEW STUDY QUANTIFIES CONSUMER SAVINGS AND ECONOMIC IMPACT
Can we get a change this quickly in the power sector? Yes, but not without thinking out of the box. “The transformation happened remarkably fast. In early 2007, the U.S. had four LNG import terminals under construction and ten more approved by FERC. The country was preparing to become a major natural gas importer as conventional production had been flat for a decade. The shale revolution fundamentally changed that trajectory, transforming the U.S. from a projected long-term importer into the world’s leading natural gas producer and exporter.”
