1. METHANE HYDRATES
U.S. reports huge potential for 'fire in the ice' as Japan hurries to production
The international scientific world has been buzzing over two separate milestones on methane hydrates, a little-known form of natural gas found in ice formations under Arctic permafrost and in deepwater coastal regions. Last Tuesday, Japan announced it had successfully produced natural gas from an offshore methane hydrates test well. A day later, the United States published significant new data outlining massive methane hydrate reserves along the Atlantic and Pacific shores.