The buzz created by the shale gas revolution and a trend toward liquids-rich gas is having -- and will continue to have -- a profound effect on the energy sector, according to panelists at a Standard & Poor-sponsored conference in Houston on Feb. 9.

Regarding shale gas and natural gas liquids, John Kingston, director of news, Platts, said, “It’s staggering what’s going on in the industry. All of the relationships that once seemed so right and so understandable, and that we could predict with a fair degree of certainty, have ...