Replies to post #1614 on US Geothermal (HTM)

[terry hallinan]

Hi, Rechnerhand.

Nobody wants to buy a fairly valued company. "Fairly valued" might as well be labeled "overvalued."

Unlike many opinion pieces from Seeking Alpha I consider this one quite good though I disagree with the conclusion.

Consider this line from Seeking Alpha article:

According to "The Street" article, more and more utilities in California prefer other sources of renewable energy than geothermal.

The tabloid trash from Street.com colors everything in the article and, at best, is now perpetrating a half-truth.

Is the US Geothermal Industry Back on Track?

Massachusetts, USA -- The U.S. geothermal industry has limped its way through the past few years with little growth, leading many companies to abandon plans and shift their business elsewhere.

While industry activity moved overseas to more promising developing markets like East Africa and Turkey, those that have stayed in the U.S. have been fighting for regulation easements, federal and state incentives and resource assessments — and it looks like all that work is starting to take shape, according to a panel conference call during the Geothermal Energy Association’s (GEA) National Geothermal Summit held in Reno, Nevada.

“The geothermal industry is poised for really strong growth in the years ahead, the question is what happens at the state level,” said GEA executive director Karl Gawell....

http://www.renewableenergyworld.com/rea/news/article/2014/08/is-the-us-geothermal-industry-back-on-track?cmpid=GeoNL-Thursday-August14-2014

Yeah, sure, yup. We've all that heard that all our lives from broken-down has beens on their way to the grave but this is from a site that mostly features the weaklings, solar and wind power, that leave you becalmed when you most need a good wind at your back.

The plain fact is that the one-time leader in baseload renewables is quickly becoming a backward nation fixated on fossil fuels and intermittent renewables.

HTM is the face of the future and has done remarkably well in tough circumstances where many others have failed miserably. It's projects that the Seeking Alpha article lists in order of efficiency is also the order of development with the newest best.

I frankly always prefer to look to the future even though I have none at my age.

Best, Terry