Rktect

As Russia Tests the Waters, Oil and Gas Showdown Looms

How come nobody is taking into account the role of methane hydrates. When people chant "drill, drill, drill" that is what they are going to be drilling for. There are a projected three earth atmospheres of the stuff located around the world on fault lines. We have known about it for forty years since it started coming up in fishing trawls off the grand banks.

In the seventies it wasn't thought there was any use for it. In the eighties we figured out how to extract it. In the nineties we began drilling for it in Alaska and in 2000 Clinton signed the Methane Hydrate Act. Over the last eight years the infrastucture to go into production has been placed and next year they will come on line in Alaska and off the coast of India.

Oil should go back to its former levels soon as the world really only has a decades worth of the stuff left till the last drop is gone, and alternative energy infrastructure won't all be in place by then, but starting next year methane hydrates will be in the pipeline.