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Five Geothermal Power Companies to watch
Nevade Geothermal is not among the top five but it is mentioned in this article as one worth a look:
http://industry.bnet.com/energy/10001340/the-five-geothermal-companies-to-watch/
http://www.ens-newswire.com/ens/may2009/2009-05-28-092.asp
"The second program I'm announcing will help develop the use of geothermal energy in America," said Obama. "Already, Nevada has 17 industrial scale geothermal plants, and your capacity to generate this type of power is expected to increase in the next few years. The program we're announcing will help accelerate this process, here, and across America. This will create more jobs, it will create more businesses, and more affordable electricity for the American people."
The new geothermal program has four components. Funding of $140 million will support demonstration projects to advance geothermal energy in new geographic areas, and also from oil and natural gas fields, geopressured fields, and low to moderate temperature geothermal resources.
Funding of $80 million will support research of enhanced geothermal systems technology to allow geothermal power generation across the country. Conventional geothermal energy systems must be located near easily-accessible geothermal water resources, limiting its nationwide use, the DOE explains. Enhanced geothermal systems technology makes use of available heat resources through engineered reservoirs, which can be tapped to produce electricity. Research and development is needed to demonstrate the technology’s readiness.
Funding of $100 million will support projects that include exploration, siting, drilling, and characterization of a series of exploration wells utilizing innovative geothermal exploration techniques.
Exploration of geothermal energy resources can carry a high upfront risk, says the Department of Energy. By investing in and validating innovative exploration technologies and methods, DOE can help reduce the level of upfront risk for the private sector, allowing for increased investment and discovery of new geothermal resources.
The long-term success of geothermal energy technologies depends upon a detailed characterization of geothermal energy resources nationwide, the DOE says. In 2008, the U.S. Geological Survey conducted an assessment of high temperature resource potential in the Western United States.
To fully leverage new low-temperature, geopressured, co-production, and enhanced geothermal systems technologies, DOE will invest $30 million in`a nationwide assessment of geothermal resources, working through the USGS and other partners. Finally, DOE will support the development of a nationwide data system to make resource data available to academia, researchers, and the private sector. The DOE also will support the development of a geothermal resource classification system for use in determining site potential.
The Geothermal Energy Association, an industry group, says geothermal power is "poised for dramatic growth."
"The West has a huge untapped geothermal energy potential," according to GEA Executive Director Karl Gawell.
With new federal and state incentives, he said, there will be billions of dollars of new investment in geothermal power bringing tens of thousands of new jobs to the United States.
$350M Stimulus Boost for Geothermal
$350M Stimulus Boost Could Begin New Era for U.S. Geothermal Energy
http://www.reuters.com/article/gwmCarbonEmissions/idUS291911723720090528
Thu May 28, 2009
The Obama Administration gave geothermal energy generation in the U.S. a huge shot in the arm Wednesday with the announcement of $350 million in stimulus funds to scale the barriers of tapping the Earth’s heat as a steady renewable power source.
The geothermal energy industry, which gets far less attention than wind and solar, rejoiced, especially since just a few years ago it seemed federal funding would disappear.
“In one shot, this is more funding now than in the past 20 years,” Karl Gawell, executive director of the Geothermal Energy Association in Washington, D.C., told me yesterday.
He believes the significance of the funding goes beyond the sheer dollars by signaling a new direction for the industry. President George W. Bush at one point seemed keen to terminate the geothermal funding, Gawell said, but a report from the Massachusetts Institute of Technology suggested geothermal could large role to play in America’s energy future.
The report said a reasonable investment in geothermal research and development could lead to 100 gigawatts or more of generating capacity, compared to about 3,000 megawatts now. According to GEA research, 126 geothermal energy projects now under development may add up to 5,500 megawatts to the nation’s overall capacity, mostly in the Western U.S.
The U.S. Department of Energy's (DOE) Geothermal Technologies Program will use the $350 million in American Recovery and Reinvestment Act funds to help expand geothermal resources and break down technological barriers. The largest slice -- $140 million -- is allocated for demonstration projects in new regions, oil and natural gas fields, geopressured fields and areas with lower-temperature resources.
Another $100 million is earmarked for exploration techniques revolving around drilling, siting, and other processes that carry a high upfront risk. Gawell pointed out a recent assessment from the U.S. Geological Survey estimated 80 percent of the country’s geothermal resources are hidden, requiring better exploration technology.
About $80 million will go toward enhanced geothermal systems (EGS) technology research and development to expand generation capacity across the country, while the DOE will spend about $30 million on a national geothermal data system, resource assessment and classification system.
“It’s hitting on a lot of points that resonate with the geothermal community,” Gawell said of the funding plan.
Wednesday’s announcement also included money for solar -- $117.6 million split between photovoltaic technology development, solar energy development and concentrating solar power research.
After five months of hardly a trade and two months of no trading at all, suddenly someone was selling starting last Tuesday.
Are you aware of the Great Depression?
And the recent world financial crisis?
Bailouts are simply necessary else we could see the total collapse of the financial system. It has been on the verge of collapse of governments did not act.
The mortgage loan bit is exaggerated as to causes. Everything was fine as long as the economy was booming and people held jobs and no one complained about easy mortgages. When the economy started going bad and people losing their jobs, they were unable to pay their mortgages. It was a synergistic effect.
The slowing economy created the mortgage mess, and the mortgage mess then exacerbated the slowing economy.
The mortgage situation was just a weak point destined to fall in a weak economy. It was not the cause of the slowing economy.
If it has been the economy would have collapsed long ago.
The wild ride of the economy is due more to wild financial instruments like derivatives and people like Greenspan who actually said that laws against fraud were unnecessary because everyone would stop dealing with fraudsters.
The head of the CFTC was probably the only person who warned about this and can rightfully say "I told you so."
Why did this trade so oddly? It appeared to go several months without any trades:
http://ih.advfn.com/p.php?pid=historical&cb=1243644118&symbol=NB^JADA
That's something of an extremist view. The reason China holds most of US debt is the decision eight years ago to dramatically increase spending and at the same time reduce taxes. Tax cuts were paid for by increased debt which costs a lot more due to interest that runs almost forever. If we're not willing to pay taxes to run the country, then the only choice is to borrow from foreign countries and then they'll own us as debt simply continues to increase and the US can barely make the interest payments.
China has been for years the leading taker of US debt and is now the overall leader.
I don't see what the reference to near accidents means but I know that as China modernizes, there is greater concern for safety and consumer issues such as pollution and safe food supplies, like milk for children.
China is likely to be a dominant power because it is the largest nation on earth and modernizing. That's just a fact. Given equivalent economies the larger nation will be more powerful. The only way to stop it is to halt the modernization of China and India.
It is just like the US became a larger nation than all the European nations and thus the dominant power in the world.
Obama is moving as fast as possible to save capitalism and promote energy independence. The latter is immensely important as we can see that countries like Brazil, which produces all its own energy, has weathered the recession well.
There are many ways to profit from scams and many ways to be rewarded. How do you know they did not get any of the money?
When one is sued by the SEC and indicted by the DOJ for fraudulent pump and dump schemes, I'm not sure remaining an administrator directing other administrators of a message board is quite kosher.
The answer you gave sounded like Yes.
I was referring primarily to the Admins. If they are playing stocks and at the same time deciding on who posts what on boards, it might be a conflict of interest if they are trading the stocks of boards they delete or allow posts on.
Checking the survey: Of 288 responses, 67% say Matt should not be posting, 74% say Matt should be temporarily removed from duty, 67% are either insulted or not satisfied by ADVFN's response to the situation.
Do moderators here play the stocks of boards they are moderating?
Do they have to disclose if they are trading stocks? Because would that not govern how they moderate?
I know another site where the Lead Administrator discloses if he is trading a stock.
"(Hopefully the case laid out in the SEC document is the total of MB's suspected activities.)"
This is almost never the case with anyone.
The vast majority of crimes are not reported or investigated.
In general, you can buy stock on any stock exchange anywhere.
Maybe they ought to be notified.
Are the advertisers on IHUB aware of the situation of the Lead Site Administrator?
One thing to consider here is that, regardless of Matt's situation, he appears closely associated (in some cases for years) with seven other people charged by the SEC and DOJ. It's difficult to believe with all these associates of Matt involved, that none of them were up to anything, and Matt had nothing to do with anything they did.
Considering it was a joint investigation of the Department of Homeland Security, Immigration and Customs Enforcement, IRS, SEC, Department of Justice, and Delaware State Police, it seems likely they are acting on the basis of evidence.
Sorry to hear that. Good luck and keep on going.
God Bless.
Can you explain for the layman what a Black Beauty is?
Thanks.
Big volume on that one! ;)
Did you see the article where Greenspan said there was no need for laws against fraud?
lentinman
I thought that was a rhetorical "you" that included all "yous" in the universe. :)
Not only has Matt remained Lead Site Administrator, Bob and the owner of advfn say it's a personal issue and they can't see any relation to IHUB!
"Something is rotten in the state of Denmark."
---- Marcellus in Hamlet, by William Shakespeare
I've paid in the past as well, through Monday.
Given that you are not and apparently have never been a paying member, why would you make that statement about paying members being more responsible?
"...people that pay for a membership tend to be more 'responsible' in their posts.."
I know that's not correct. Paid members have unlimited posts. Free members receive 15 posts per day.
The free ones tend to be more responsible.
What does that mean?
Why isn't your new board a free board?
Thanks.
PS Matt is also the subject of federal criminal charges in a joint operation with SEC, Department of Homeland Security, ICE, the IRS, the Federal DOJ, and the Delaware State Police.
Here's an interesting article about a woman who foresaw the problems of exotic investment vehicles and tried to do something about it:
http://www.washingtonpost.com/wp-dyn/content/article/2009/05/25/AR2009052502108.html
No less a brilliant guy than Alan Greenspan told her ""there wasn't a need for a law against fraud because if a floor broker was committing fraud, the customer would figure it out and stop doing business with him." "
This was while she was agitating for greater regulation and laws against, um, fraud.
Hmm...Federal DOJ, DHS, ICE, IRS, and State Police all involved in the investigation, not to mention the SEC.
A several year investigation by all these agencies is likely to come up with at least some credible evidence, else they wouldn't waste their time bringing civil and criminal charges.
Until this is resolved I don't think a person under indictment from both the SEC civilly and the DOJ criminally should be a site administrator, deleting posts, and deciding who can post or not.
If your bank teller was charged with bank robbery and embezzlement, he would at a minimum be suspended until the issue is resolved, not placed in charge of the cash drawer.
The SEC filed a civil complaint. He has also been indicted by the Federal DOJ on fraud charges:
http://www.usdoj.gov/usao/de/press/2009/Pump%20&%20Dump%20Stock%20Schemes%20Indictments.pdf
In the charges you can see that Matt Brown has 24 bank accounts in Hong Kong, among other interesting things.
I was told he had been arrested, but I'm not certain.
lentinman
You keep saying Matt has no involvement with IHUB anymore.
He has personally informed me he is still Lead Site Administrator and Bob Zumbrunnen says Matt is still the site administrator, he is not going to change the status quo, it is a personal issue, and that Matt wasn't using his position as site administrator to do anything wrong as far as he could see.
In addition, the owner of advfn says he's not going to change anything.
"...you can bet your life Matt has no involvement with IHub from the day this was made public."
So do you want to bet your life?
China stocks are looking interesting today. OPAI hit a high of .70 and CKGT hit .89.
Interesting trading today. It hit a high of .89.
I think the board works well but I don't want to give any more money to criminal money laundering pumpers and dumpers for their 24 Hong Kong bank accounts.
I counted 24 accounts.
You gave a definition of the term you used. Since you used that definition for the term you used, then one presumes you agree with that definition for the situation in which you used the term.
You believe criminal activity should be "confidential?"
Yes, this is why moderators might be liable as well, because they followed Matt's instructions rather than actual written IHUB policy.