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Gold/Mining/Energy : Coalbed Methane (CBM) Corral
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From: zebra4o16/26/2008 4:25:48 PM
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The Economist on coal seam methane and the recent Australian deals.

Coal-bed methane accounts for about 2% of the world’s natural-gas supply. But in America, where the industry is most advanced, it provides about 10%. In countries such as China and India, which have huge coal reserves but little gas, the potential is enormous, says Cyrus Mewawalla of Westhall Capital, a research firm.

economist.com

So if CBM is so big in the US, why are all the huge deals being done in Australia?
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