John Egan has reported for Industrial Info Resources on the prolonged swoon in crude oil and natural gas prices, stating it is one of several factors taking its toll on North American pipeline projects.
The report notes that over the last 12 months, over US$20 billion of oil and gas pipeline projects have been cancelled or placed on hold due to market conditions or inability to secure necessary permits.
This article lists several of the cancelled or on hold projects that Industrial Info is tracking.
Residents from Virginia and North Carolina have come together at a pipeline summit to discuss how to stop pipeline construction in their respective areas, deeming the projects unnecessary and damaging.