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Jun 18, 2010

Senator Reid - Nevada As "Saudi Arabia of Geothermal Energy"

"Of all the 'mainstream' forms of renewable energy, it seems that geothermal power is always left in the shadows compared to solar and wind power.
However, that looks set to change with news that the US Department of Energy will fund geothermal projects in northwestern Nevada and southeast Oregon. With funds from the American Reinvestment and Recovery Act, the DOE has stated a 'conditional commitment' to provide a partial guarantee for a rumored $98.5 million loan to the Nevada Geothermal Power Company (NGP). According to US Senator Harry Reid, 'Northern Nevada is the Saudi Arabia of geothermal energy.'" - /.

Also see

 California's Debt Clock
HAASE - Does the bankrupt state of California understand that they could purchase unlimited "dirt' cheap power from their neighbor and create millions of jobs with this? WHILE eliminating nearly all their debt in a few short years by walking away from the poor energy options bankrupting them?