This in part is attributable to the increasing demand for clean fuels and reduced emissions. While I am very much concerned about matters involving increased drilling, adequate storage, and pipeline safety, I want to emphasize the importance of expanding options in terms of recoverable resources. I am particularly interested in heightening efforts in the field of methane hydrates and was pleased to have my bill, The Methane Hydrate Research and Development Act, signed into law last year. And when a new, abundant resource is found that meets a growing demand with a greater level of efficiency, consumers will not only have a greater selection of options, but more affordable costs as well. In addition to potential as an abundant and affordable energy source for consumers, methane hydrate deposits also represent a challenge to conventional oil and gas extraction.
Hydrates influence physical properties of ocean sediments, particularly strength and stability.
Characterizing hydrate formation and breakdown is critical for the safety of deep offshore drilling and other deep sea operations. But we must find ways to enhance these types of efforts and we must act quickly. Just like my fellow members of the Subcommittee, my constituents and small business owners are struggling in dealing with the rising cost of natural gas. It is my sincere hope that today's discussion will assist us in our efforts to not only move through this period of price volatility, but also in making sound long-term decisions that will foster a national energy policy that places great import on affordable supplies.