Tue, Oct 21, 2014, 7:33 AM EDT - U.S. Markets open in 1 hr 57 mins

Recent

% | $
Quotes you view appear here for quick access.

Hewlett-Packard Company Message Board

  • unclefulbert unclefulbert Mar 13, 2013 11:02 AM Flag

    $21.23, the bottomless well continues

    By HIROKO TABUCHI
    Published: March 12, 2013

    TOKYO — Japan said Tuesday that it had extracted gas from offshore deposits of methane hydrate — sometimes called “flammable ice” — a breakthrough that officials and experts said could be a step toward tapping a promising but still little-understood energy source.

    The gas, whose extraction from the undersea hydrate reservoir was thought to be a world first, could provide an alternative source of energy to known oil and gas reserves. That could be crucial especially for Japan, which is the world’s biggest importer of liquefied natural gas and is engaged in a public debate about whether to resume the country’s heavy reliance on nuclear power.

    Experts estimate that the carbon found in gas hydrates worldwide totals at least twice the amount of carbon in all of the earth’s other fossil fuels, making it a potential game-changer for energy-poor countries like Japan. Researchers had already successfully extracted gas from onshore methane hydrate reservoirs, but not from beneath the seabed, where much of the world’s deposits are thought to lie.

    The exact properties of undersea hydrates and how they might affect the environment are still poorly understood, given that methane is a greenhouse gas. Japan has invested hundreds of millions of dollars since the early 2000s to explore offshore methane hydrate reserves in both the Pacific and the Sea of Japan.

    That task has become all the more pressing after the Fukushima Daiichi nuclear crisis, which has all but halted Japan’s nuclear energy program and caused a sharp increase in the country’s fossil fuel imports. Japan’s rising energy bill has weighed heavily on its economy, helping to push it to a trade deficit and reducing the benefits of the recently weaker yen to Japanese exporters.

    The Japanese Ministry of Economy, Trade and Industry said a team aboard the scientific dril

    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
HPQ
33.82-0.34(-1.00%)Oct 20 4:00 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.