• 3 minutes War for Taiwan?
  • 7 minutes How China Is Racing To Expand Its Global Energy Influence
  • 10 minutes Is it time to talk about Hydrogen?
  • 5 hours U.S. Presidential Elections Status - Electoral Votes
  • 2 days Mail IN Ballot Fraud
  • 13 hours Supreme Court rules against Cuomo's coronavirus limits
  • 9 hours “Cushing Oil Inventories Are Soaring Again” By Tsvetana Paraskova
  • 3 days Michael Moore Cranking Up Planet of the Humans Again
  • 4 hours Saudi Arabia Seeks to Become Top Hydrogen Exporter
  • 8 hours Biden's Green New Deal- Short Term - How Will He Start to Transition Out Of Crude?
  • 2 days Censorship in USA
  • 2 days “Consumers Will Pay For Carbon Pricing Costs” by Irina Slav
Oil Prices Climb Higher As The EIA Reports Inventory Draw

Oil Prices Climb Higher As The EIA Reports Inventory Draw

The Energy Information Administration reported…

India, Iceland Jointly Explore Geothermal Energy

Due to Iceland’s unique geology, which includes a high concentration of volcanoes, five major geothermal power plants produce approximately 26.2 percent of the nation's energy, while geothermal heating provides for the heating and hot water requirements of approximately 87 percent of all buildings in Iceland.

Seeking to tap Iceland’s unique expertise, New and Renewable Energy Minister Farooq Abdullah said, "We are trying to cooperate with them (Iceland) in a big way because there are number of areas in our country where geothermal energy can be made use of. Today’s, technology provide us this opportunity," The Press Trust of India reported.

According to Abdullah, India is progressing rapidly to develop new renewable energy resources, and now has an installed base of 20,000 megawatts of renewable energy, which New Delhi aims to increase 350 percent within the next decade to 70,000 megawatts and "if we do not seize the opportunity now, future generations will have every reason to identify us as a selfish, shortsighted and an irresponsible generation."

Currently about 81 percent of Iceland’s total primary energy supply is derived from domestically produced renewable energy sources, which besides geothermal, include significant hydroelectric facilities.

By. Joao Peixe, Deputy Editor OilPrice.com



Join the discussion | Back to homepage



Leave a comment

Leave a comment

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