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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 652.53-1.5%Nov 20 4:00 PM EST

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To: Doug who wrote (73799)4/1/2001 6:06:03 PM
From: Haim R. Branisteanu  Read Replies (2) of 99985
 
Doug, there are huge frozen methane gas mixed with water on the oceans floors, just beneath the eastern sea shelf of the US the amounts can supply us with energy for decades. The problem is, that those deposits are very volatile and difficult to extract or capture for commercial use.

Once a technical solution will be developed to exploit those deposits then the use of the methane gas and it's derivatives will power the next generation of surface transportation.

BTW those resources of methane gas are a direct result of life in the oceans so that supplies will remain for the foreseeable future much more than reserves of crude oil.

BWDIK
Haim
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