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"The potential is enough to power humanity from now until the asteroid hits."
The crystals are formed when methane gas, which results from the natural decomposition of animals and plants, comes into contact with water at just the right temperature and pressure.
Crystal gas forms almost any place there's low temperature, high pressure and water, making the organism-rich continental slopes ideal spots.
They're most prevalent in water over 1,000 feet deep, and up to about 200 miles offshore.
The U.S. government currently runs a multi-agency research project with scientists from the Department of Energy, the U.S. Geological Survey and the Minerals Management Service, among others. They've partnered with a few corporations, including BP (BP) at a site in Alaska's North Slope and Chevron (CVX, Fortune 500) in the Gulf of Mexico.
At the BP site in Alaska, Collett said using current technology to go after crystal gas would effectively double the known gas reserves there.
"We're chipping away at the technical issue," he said. "We just have to get at the economics."










