I used to believe in the "Peak Oil" scenario--it explained much of the behavior of the elites and was, no doubt, used to justify the national security state's facilitation of the events of 9/11. "Peak Oil" places the hydrocarbon industry at the heart of national security and the interests of the national security state.
But those whose fortunes and hegemony are tied to energy are actually tied to ENERGY MARKETS. They want to maintain their wealth and power THROUGH CENTRALIZED CONSOLIDATION OF THE MARKETS of both money (fiat) and energy (hydrocarbon resources). The last thing on Earth they want is for their hold on energy sources to become decentralized. This is WHY, I believe, they have not supported (invested in) alternative energy as a way of securing renewable energy for our advanced civilization. THAT WOULD BE A DECENTRALIZED MARKET.
I'm not a geologist, not anywhere close, but these two articles are of interest:
US in race to unlock new energy source Green groups warn against moving methane hydrates from beneath seabed
David Adam, science correspondent
Monday April 4, 2005
The Guardian
More than a mile below the choppy Gulf of Mexico waters lies a vast, untapped source of energy. Locked in mysterious crystals, the sediment beneath the seabed holds enough natural gas to fuel America's energy-guzzling society for decades, or to bring about sufficient climate change to melt the planet's glaciers and cause catastrophic flooding, depending on whom you talk to.
No prizes for guessing the US government's preferred line. This week it will dispatch a drilling vessel to the region, on a mission to bring this virtually inexhaustible new supply of fossil fuel to power stations within a decade.
The ship will hunt for methane hydrates, a weird combination of gas and water produced in the crushing pressures deep within the earth - literally, ice that burns.
The stakes could not be higher: scientists reckon there could be more valuable carbon fuel stored in the vast methane hydrate deposits scattered under the world's seabed and Arctic permafrost than in all of the known reserves of coal, oil and gas put together....
Scientists Create, Study Methane Hydrates In 'Ocean Floor' LabSAN DIEGO, CA -- Scientists at the U.S. Department of Energy's Brookhaven National Laboratory have recreated the high-pressure, low-temperature conditions of the seafloor in a tabletop apparatus for the study of methane-hydrates, an abundant but currently out-of-reach source of natural gas trapped within sediments below the ocean floor. Michael Eaton, a Stony Brook University graduate student working for Brookhaven chemist Devinder Mahajan, will present a talk outlining the use of the apparatus for the creation and study of methane hydrates during a special two-day symposium co-organized by Mahajan at the 229th National Meeting of the American Chemical Society in San Diego, California. The talk is scheduled for Sunday, March 13, at 3:05 p.m. in room Madeleine C-D of the Hyatt Regency.
Scientists Explore Large Gas Hydrate Field Off Oregon Coast; Details Emerge Of Possible New Energy Source (September 11, 2002) -- Ocean Drilling Program (ODP) scientists have completed a two-month expedition off the coast of Oregon to investigate the origin and distribution of frozen deposits of natural gas known as "gas ...
"The amount of natural gas that is tied up in methane hydrates beneath the seafloor and in permafrost on Earth is several orders of magnitude higher than all other known conventional sources of natural gas -- enough to meet our energy needs for several decades," Mahajan says. But extracting this resource poses several challenges...