Virtually limitless prolific renewable fuel source…

Posted on November 5, 2008. Filed under: Uncategorized |

It is because google has a lot of smart people working for them.
 
And you can fool most people most of the time, but not all people all of the time…
 
“This country is in an energy crisis,” she said. “We need energy now, and this is a proven way to get it.”
 
Geothermal energy may be the most prolific renewable fuel source that most people have never heard of. Although the supply is virtually limitless, the massive upfront costs required to extract it have long rendered geothermal a novelty. But that’s changing fast as this old-line industry buzzes with activity after decades of stagnation.
 
Billionaire Warren E. Buffett has invested big. Internet giant Google Inc. is bankrolling advanced research. Entrepreneurs are paying record prices for drilling leases in places such as Nevada, where they’re prospecting for heat instead of metals.
 
Tucked into a few dusty acres across from a shopping mall, it uses steam heat from deep within the Earth’s crust to generate electricity. Known as geothermal, the energy is clean, reliable and so abundant that this facility produces more than enough electricity to power every home in Reno, population 221,000.
 
“There’s no smoke. Very little noise,” said Paul Thomsen, director of policy and business management for Ormat Technologies Inc., which owns the operation. “People don’t even know it’s here.”
 
“This is the new gold rush,” said Mark Taylor, a geothermal analyst with the consulting firm New Energy Finance in Washington. He credits high fossil fuel prices and concerns about global warming with jump-starting the U.S. industry, along with federal tax credits and state laws mandating the wider use of renewable energy.
 
Read more via LAtimes
 
 
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