Google drills for geothermal energy

While John McCain pushes for offshore oil drilling, Google.org is investing in ground-breaking technology to develop geothermal energy.

Google on Tuesday took the drilling debate in a different direction – announcing that Google.org is investing nearly $11 million in technology to expand the nation’s geothermal reserves. That’s more than the U.S. government is spending on geothermal projects this year.

Traditional geothermal power plants, like those built by Calpine (CPN) in Northern California, sit atop reserves of naturally occurring steam or hot water that can be tapped to drive electricity-generating turbines. So-called Enhanced Geothermal Systems, or EGS, hope to tap geothermal energy in any location by drilling deep underground to fracture “hot rocks” and then pump them with water to create steam that can be used in a power plant. The great potential, of course, would be to liberate the Midwest and South from their dependence on coal-fired power plants.

“While the U.S. debates drilling in the ocean for oil, we are focused on drilling for renewable energy – and lots of it – right beneath our feet,” Google.org said in a statement, citing a Massachusetts Institute of Technology study that estimates the accessible heat below the U.S. represents more than 2,500 times the nation’s annual energy consumption.

It’s depressing, though not surprising, to learn that Google is investing more than our own government in trying to develop this energy source. More information on Google’s program can be found here.

  

Obama mocks McCain’s offer of a $300 million prize

The McCain campaign continues to make blunders. McCain’s recent proposal to offer a $300 million prize for new battery technology is another gem from this inept campaign. Obama hits the softball out of the park.

“When John F. Kennedy decided that we were going to put a man on the moon, he didn’t put a bounty out for some rocket scientist to win — he put the full resources of the United States government behind the project and called on the ingenuity and innovation of the American people — not just in the private sector but also in the public sector.”

  

Reich rips Clinton

She won’t listen to economists.

  

Clinton/McCain gas tax plan – dumbest idea yet

Michael Bloomberg chimes in on the latest pander from Clinton and McCain.

Tom Friedman is even tougher on these lame politicians.

It is great to see that we finally have some national unity on energy policy. Unfortunately, the unifying idea is so ridiculous, so unworthy of the people aspiring to lead our nation, it takes your breath away. Hillary Clinton has decided to line up with John McCain in pushing to suspend the federal excise tax on gasoline, 18.4 cents a gallon, for this summer’s travel season. This is not an energy policy. This is money laundering: we borrow money from China and ship it to Saudi Arabia and take a little cut for ourselves as it goes through our gas tanks. What a way to build our country.

When the summer is over, we will have increased our debt to China, increased our transfer of wealth to Saudi Arabia and increased our contribution to global warming for our kids to inherit.

  

Green Economy

BusinessWeek has a great article about the desperate need for more technicians in the wind power industry. These are excellent jobs and more students are flocking to this field as more colleges and community colleges add programs.

It’s another small example of how we will benefit economically by adding more green power instead of sending dollars overseas for oil.

  

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