WATCHING THE WORLD U.K. MISSING OUT ON COALBED METHANE
With David Knott from London The perception of coalbed methane (CBM) has changed in recent years from a mining hazard to a valuable energy source. For comparison, the U.K. Department of Trade and Industry (DTI) reckons CBM represents 17% of U.S. gas reserves. An estimate of Britain's CBM reserves is not firm, but DTI said their value to the nation could be about 50 billion ($75 billion).