Canada Free Press
By Dr. Benny Peiser
The US Department of Energy announced plans to ramp up methane hydrate extraction research after a preliminary test was declared a success Wednesday. Surveys estimate that successful extraction of natural gas from methane hydrates could power America for the next 1,000 years. U.S. Energy Secretary Steven Chu said the test, which involved removing natural gas from North Slope ice crystals, could lead to a 30 percent reduction in gas prices by 2025.—Kirsten Swann, KTVA Alaska, 2 May 2012
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.
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