Unconventional gas poses market dilemma
Published: 12 January, 2010, 12:58
Russia has the world’s largest gas reserves - but may still need up to $200 billion in investment over the next decade.
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Published: 12 January, 2010, 12:58
Russia has the world’s largest gas reserves - but may still need up to $200 billion in investment over the next decade.
The only way oil will go below $50 a barrel is if the world economy would go into another Great Depression. Central Banks will create as much money as is necessary in order to keep that from happening. I would be very surprised if the vast Siberian continental shelf didn't contain a huge volume of conventional gas. But with so much conventional gas available on land, it's probably not yet worth fighting the ice to drill there for quite a while. The Canadians, working with Japanese researchers, have produced gas from methane calthrate deposits in Canada. Global methane calthrate deposits contain more energy than all the other fossil fuels combined. That is hard to believe, but the scientists who drilled a lot of holes in the oceans, say that it is indeed true.