Japan Oil, Gas and Metals National Corp. announced that they are testing a well drilled into methane gas hydrates. While this is only a well test, and experimental in nature, if the technology can be advanced to full production, it will unlock a source of natural gas currently unavailable for use. It will be a game changer in the energy business and will dash the hopes and dreams of the Green Energy proponents into the dirt by keeping natural gas prices cheap.
Hydrates are a frozen mix of natural gas and water and occur naturally at certain temperatures and pressures. I blogged about them earlier. Go there to read about the burning snowball.