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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 457.82+1.3%Jan 23 4:00 PM EST
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To: bart13 who wrote (108342)11/8/2014 3:31:36 AM
From: Haim R. Branisteanu  Read Replies (1) of 219680
 
Thank you Bart, this is indeed explaining the fact that crude oil is purposely held at high prices due to OPEC.

The interesting part is that "Fracking" is not so economical after all. NG is to some extent a renewable source of energy as it is a natural byproduct of putrification of biomass or organic matter and due to microbial activity.

Methane Hydrates are widely distributed and the largest source of hydrocarbons on Earth. A variety of technologies could be developed to produce them using pressure reduction, ion exchange and other processes that take advantage of their unique chemical and physical properties. The United States, Canada, Japan and India all have vigorous research programs working to discover viable technologies for producing gas hydrates. Methane hydrate will likely play an important role in our future energy mix.


The ocean floors and more so the US East coast shelf has huge amounts of methane hydrates on the ocean floor due to the Gulf Stream as there are also huge deposits in the North Sea between Scotland and Norway and also many other regions where organic matter (plankton, algae other living creatures etc.,) is carried by ocean streams and then sink to the ocean floor





geology.com
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