Wednesday, January 14, 2015

Canada:

Opinion: Terrace, B.C. Needs to Warm to Geothermal (Terrace Standard)

The sudden drop in the price for oil presents an opportunity to take advantage and invest in a trillion dollar industry. That opportunity is geothermal energy. Oil and gas are finite resources. They may last one, three or even 10 more generations but geothermal, as well as wind and solar power, are infinite resources.

Geothermal energy is more abundant in all three Western provinces; BC, Alberta and Saskatchewan. All provinces of Canada have experience with wind farms and solar energy but much less with geothermal.

With the now much lower world oil prices there may soon be some idle oil and gas drilling rigs. The equipment, man power and engineering skills of this industry could quickly be adapted to drilling for and establishing geothermal energy plants ensuring continued employment and economic growth.

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