“I was at Woods Hole doing some consulting work on a study of ocean mining. I think one of the ocean mining concerns I read about is in Novorossiysk, as a matter of fact.”

Guile was not one of Trout's strong suits. He had a blunt Yankee openness and felt uncomfortable skirting the truth, especially with an old friend. Trout figured that if he threw out a few conversational seeds, one of them would sprout. This seed fell on fertile soil.

“Ocean mining? You must mean Ataman Industries.”

“Sounds familiar. I'm sure I read about it somewhere.”

“I'd be surprised if you hadn't. Ataman is huge. They started as a land-mining conglomerate, but they saw the potential under the sea and now their fleet ranges allover the world.”

“Smart move, with the worldwide demand for fuel.”

“Yes, that is true, but less commonly known is that Ataman has been in the forefront in devising ways to extract methane hydrate from the sea bottom.”

“I don't remember any mention of that in the corporate literature.”

“Ataman tends to be secretive. Russian capitalism is still in its Wild West phase. We don't have all the disclosure laws your country does. I doubt if they'd make that much difference, anyway. With the thousands employed by Ataman, it's very difficult to keep a secret. Ataman has built an entire fleet of monstrous ships that will be used in the extraction of fire ice.”

“Fire ice?” Gamay said.

“It's a term someone came up with for methane hydrate, a compound of methane gas,” Paul explained. “Pockets of the stuff are trapped under the sea bottom allover the world. Looks like icy snow, only it's flammable.”

Orlov chimed in. “Everyone knows that Soviet scientists claim to have invented everything, from the electric light-bulb to the computer, but in this case I must give them credit. The first natural deposits were found in Siberia, where it was known as marsh gas. Some American scientists picked up on the work of our glorious scientists and discovered hydrates under the ocean.”

“Off the South Carolina coast, as I recall,” Trout said. “Woods Hole did some dives with the deep-water submersible Alvin and found the plumes escaping from the sediment along faults in the ocean floor.”

“What are the commercial applications?” Gamay said.

Orlov started to pour himself more vodka, thought better of it and pushed the bottle aside. “The potential is enormous. The deposits around the world possibly hold more energy than all the other fossilized fuels combined.”

“You see it as a replacement for oil and gas, then?”