BHP CEO: U.S. shale development outpaces rest of world

03/5/2014 | Bloomberg

Global shale development is moving at a slower pace than that in the U.S. because of a lack of infrastructure to accelerate growth, said BHP Billiton CEO Andrew Mackenzie. "The shale gas revolution is unlikely to go global quickly. We are unlikely to see gas replace coal globally at the scale and pace seen here in the U.S.," Mackenzie said at IHS CERAWeek in Houston.

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