The U.S. House Energy Committee reportedly has been told by an Energy Department staffer that a new source of natural gas — equal to 80,000 times the current known world reserves — exists in “ice-like” deposits under the ocean floor. Congress is said to be ready to invest $50 million in research that would seek to define ways the new energy could be recovered. Proponents of the five-year research effort suggest that only 1% of the “methane hydrate resource” would be equal to twice the ...

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