| Description | Gold has read with great interest Hefner's Aspen Institute papers. He is sure Hefner is correct in raising estimates of gas reserves by a large factor. Gold believes it will be a larger factor still.
He is enclosing his paper on the deep primeval methane. There is clearly a regional association between deep gas and less deep deposits of oil and bitumenous coal. Gold believes that this has to be understood in the following way; oil is the best substance to block the escape of methane; in sutable circumstances the gas will add to the oil thus making more oil, and in turn, acting as a better catcher for more gas, and a runnaway process. On this basis he sees quite different possibilities for search. Mr O'Leary's statement about gas is absurd and, as Hefner indicates, quite irresponsible. |