I think the chase after Methane Hydrates are going to slow down for a while. There has been some test production in Alaska already.
But with the amount of shale gas being released into the market, I don't think the economics for Methane Hydrates is going to be competitive until the world Natural Gas demand climbs significantly higher giving sustained support for higher natural gas prices.
But that is okay. We know it is there. We can get it when we are ready for it. Between now and then, industry will fiddle a bit with it trying to find lower cost methods to produce it.
I did not realize that we had some work going on in Alaska. I do know that we did have a test and development well off the coast of Washington with the Japanese.
I do suspect that it will slow down a lot but I hope we continue to develop methods to heat the hydrates and control the pressures.
I wonder if we learned anything about it during the Gulf BP blowout?