Where can we find methane hydrates? Why isn't this energy source previously exploited?
The current largest known methane hydrate deposits are in the ocean floor. This is also why we have not exploited it yet, because the cost of obtaining them are very high. But as tradition fossil fuel prices rise, it might be economical to start "mining for methane hydrate". And as technology and tools have gotten better, the cost of this process is also drop.
There is also potential for greatly disrupting the oceans, which is a major concern, especially if you try and start using it as a primary source of fuel.
The estimates on the amount of oceanic methane hydrate deposits has varied greatly over the past 10 or so years. I have seen reports claiming as much as 100 times more then all the fossil fuel known to exist and have existed, to the now general estimate of ~5X more then the natural gas deposits.
This article is a little old but a kind of a ok quickie intro:
http://www.ornl.gov/info/reporter/no16/methane.htmAnd Japan is currently doing a experimental endeavor with methane hydrates
http://www.mh21japan.gr.jp/english/mh21/02keii.htmlThough this site is probably the most in depth:
http://www.netl.doe.gov/technologies/oil-gas/FutureSupply/MethaneHydrates/maincontent.htmPay special attention to the menu on the right.
The reason I suspect that this would be the next choice for a new energy source is because we already have an infrastructure and knowledge of how to deal with methane (natural gas is primarily methane). Of all the other potential sources for energy, a major concern will be the ease of switching over; as that is the most costly part of this. By tapping into a source we already have extensive knowledge and use tremendously (at least storage and transport wise, not necessarily refining), from a logical standpoint seems the cheapest and easiest.
If I knew my one line response was going to be turned into a new thread starter, I might have provided a little more information!