• 3 minutes Could Venezuela become a net oil importer?
  • 7 minutes Reuters: OPEC Ministers Agree In Principle On 1 Million Barrels Per Day Nominal Output Increase
  • 12 minutes Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
  • 21 hours Oil prices going Up? NO!
  • 5 hours Reuters: OPEC Ministers Agree In Principle On 1 Million Barrels Per Day Nominal Output Increase
  • 15 mins The Tony Seba report
  • 12 hours Renewables to generate 50% of worldwide electricity by 2050 (BNEF report)
  • 8 hours Kenya Eyes 200+ Oil Wells
  • 7 hours Are Electric Vehicles Really Better For The Environment?
  • 2 hours LNG Shortage on the Way
  • 2 days Could oil demand collapse rapidly? Yup, sure could.
  • 1 day China’s Plastic Waste Ban Will Leave 111 Million Tons of Trash With Nowhere To Go
  • 1 day Oil prices going down
  • 17 hours Saudi Arabia turns to solar
  • 2 days Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
  • 8 hours OPEC soap opera daily update
  • 4 hours Could Venezuela become a net oil importer?
  • 2 days Russia's Energy Minister says Oil Prices Balanced at $75, so Wants to Increase OPEC + Russia Oil by 1.5 mbpd
  • 2 days Tesla Closing a Dozen Solar Facilities in Nine States
Dave Forest

Dave Forest

Dave is Managing Geologist of the Pierce Points Daily E-Letter.

More Info

Trending Discussions

Major Step for the Geothermal Sector

U.S. Geothermal announced this week a strategic partnership with Enbridge, one of North America's largest operators of oil and liquids pipelines.

Under the deal, Enbridge will invest $23.8 million toward the development of Geothermal's Neal Hot Springs project in Oregon. The buy-in will net Enbridge a 20% direct ownership in the operation.

This is another major step for the junior geothermal sector (they seem to be coming faster and faster these days).

Endorsement from a company the size of Enbridge is striking in and of its self. Even more intriguing is the fact Enbridge is stepping well outside of its usual line of business to make this acquisition.

Expect this trend to continue. Companies in perceived "dirty" businesses (like oil shipping) are under pressure to green themselves. Buying into clean energy like geothermal fits the bill. To boot, the economics on geothermal projects are attractive. And the sector hasn't taken off the way wind and solar have, meaning project stakes are still available at reasonable prices.

The Enbridge example is going to get coal producers, chemical makers and perhaps even mining companies interested. There's more attention to come for America's hot water reservoirs.

By. Dave Forest of Notela Resources




Back to homepage

Trending Discussions


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News