Scientists eye fracking in Arctic and ocean floor

|By:, SA News Editor

Dire warnings of a potential $60T hit to the global economy from a warming Arctic as methane is released from melting permafrost comes as scientists say they are closer to tapping methane hydrate as a fuel source potentially containing more energy than all previously discovered oil and gas combined.

Some take issue with the warning, saying the likelihood of a "methane pulse" runs contrary to prior research.

Successful development of methane hydrates could impact big LNG projects such as Australia's $50B Gorgon development led by Chevron (CVX).