This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Alaska Ice Tested As Possible New Energy Source

"That will be the first marine gas hydrate test anywhere in the world," Collett said.

The U.S. Energy Department describes methane hydrate as a lattice of ice that traps methane molecules but does not bind them chemically. They are released when warmed or depressurized.

Methane comes from buried organic matter after it's ingested by bacteria or heated and cooked. The gas migrates upward, under high pressure and low temperature, and can combine with water to form methane hydrate.

Most deposits are below the sea floor off the continental shelf or under permafrost. Shallow pockets of methane hydrate release the potent greenhouse gas into the atmosphere and that process is exacerbated by climate warming.

Brendan Cummings of the Center for Biological Diversity said research money should be poured into renewable resources, not more fossil fuel sources. Methane is 20 times more effective at trapping heat in the atmosphere than CO2, though not as long-lived.

"Any exploration activities designed to extract methane hydrates run the risk of unintended consequences, of unleashing the monster," he said. Even if methane is extracted safely, burning it will add to climate warming, he said.

The world has a lot of methane hydrate. A Minerals Management Service study in 2008 estimated methane hydrate resources in the northern Gulf of Mexico at 21,000 trillion cubic feet, or 100 times current U.S. reserves of natural gas. The combined energy content of methane hydrate may exceed all other known fossil fuels, according to the DOE.

Not all is accessible, but high concentrations in permeable rock where there's existing drilling infrastructure would be among early candidates for development. The USGS in 2008 estimated 85 trillion cubic feet of undiscovered, technically recoverable gas within methane hydrate deposits on Alaska's North Slope.

It will not be simply dug out of the ground, Boswell said.

2 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,070.40 +46.34 0.26%
S&P 500 2,114.49 +6.20 0.29%
NASDAQ 5,016.9290 +11.5380 0.23%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs