Replies to post #1648 on US Geothermal (HTM)

[terry hallinan]

OPEC Oil Price Squeeze To Leave Renewable Energy Unscathed

Lima, Peru — While OPEC is helping drive down global prices for crude, it’s having less success squeezing the $250 billion clean power industry.

Green energy will receive almost 60 percent of the $5 trillion expected to be invested in new power plants over the next decade, according to the International Energy Agency. That’s because the U.S., China, Japan and the European Union are all pushing for global limits on greenhouse gases and promoting alternatives to fossil fuels.

http://www.renewableenergyworld.com/rea/news/article/2014/12/opec-oil-price-squeeze-to-leave-renewable-energy-unscathed?cmpid=WNL-Friday-December5-2014

Please try to be kind. :-) This is posted as thoughts, hardly without bias, on why geothermal power may not take a hit but is not endorsed by me.

Unfortunately the U.S., nearly alone in the world, is in conflict with the scientists over the harm greenhouse gases are doing and the likely catastrophic consequences in the future. The new chairman of a powerful Senate committee dealing with energy insists global warming is a hoax perpetrated by evil scientists. Our President has talked a good fight but has led an astonishing increase in fossil fuel retrieval with the deadliest of all fossil fuels, natural gas, hailed as a new green. To top it all off, geothermal is almost invisible with the huge hype and subsidization of the worst renewables, wind and solar. Geothermal, at best, gets some leavings.

Still the best do sometimes win as is likely to happen tonight when Oregon finally takes Arizona apart. :-)

Best, Terry