• 5 minutes Covid-19 logarithmic growth
  • 8 minutes Why Trump Is Right to Re-Open the Economy
  • 12 minutes Charts of COVID-19 Fatality Rate by Age and Sex
  • 14 minutes China Takes Axe To Alternative Energy Funding, Slashing Subsidies For Solar And Wind
  • 8 hours Its going to be an oil bloodbath
  • 2 hours Marine based energy generation
  • 1 hour Trump will meet with executives in the energy industry to discuss the impact of COVID-19
  • 4 hours What If ‘We’d Adopted A More Conventional Response To This Epidemic?’
  • 7 mins US Shale Resilience: Oil Industry Experts Say Shale Will Rise Again
  • 16 hours Cpt Lauren Dowsett
  • 15 hours The Most Annoying Person You Have Encountered During Lockdown
  • 17 hours Which producers will shut in first?
  • 1 day CDC covid19 coverup?
  • 1 day How to Create a Pandemic
  • 12 hours Trafigura CEO Weir says, "We will see 30% to 35% drop in demand". That amounts to 35mm bbls/day glut ! OPEC+ 10 mm cut won't fix it. It's a DEMAND problem.
  • 6 hours Real Death Toll In CCP Virus May Be 12X Official Toll
  • 17 hours Washington doctor removed from his post, over covid

Breaking News:

IEA: OPEC Can’t Save The Oil Market

Alt Text

Is This The Future Of Alaska’s Energy Sector?

With crude oil production dwindling,…

Alt Text

A Surprising Innovation In Energy’s Hottest Market

Japanese researchers have found a…

Dave Forest

Dave Forest

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

More Info

Premium Content

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


Download The Free Oilprice App Today

Back to homepage






Leave a comment

Leave a comment




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