Energy For 1000 Years: Huge Natural Gas From Methane Hydrates Process Developed

Date: 03/05/12

The Global Warming Foundation

Methane hydrates are the largest reserve of hydrocarbons in the planetary crust. The methane hydrates in sediment considered part of U.S. territory alone could supply U.S. natural gas needs for 1000 years. So far humanity has not devised a process to economically harvest this immense energy wealth. Today’s DOE announcement may point the way to a new era in abundant energy to build out a bigger and better world economy.

 

U.S. Department of Energy (DOE) Secretary Steven Chu contributed a statement to an announced breakthrough in research into tapping the vast fuel resource of methane hydrates that could eventually bolster already massive U.S. natural gas reserves.

As Al Fin pointed out yesterday natural gas is priced to a barrel of oil equivalent at about $10-$11 per the estimable Geoffrey Styles view, something less than 10% of the cost of oil.  For North Americans adding a viable and hopefully low cost means to make use of gas hydrates could be giant boost to low cost fuel sources and a massive kick to the economy…To Read More….