by shortonoil » Thu 28 Aug 2008, 15:43:13
I’ve been saying for a long time that the future would be deep geothermal or thorium based nuclear. If it is deep geothermal, civilization will reappear around the Pacific Ring of Fire. In California, in a lot of places, 1000 ft well gives you 400 deg. F. rock.
From what I can figure, BTU wise, it is almost competitive with oil at the present, coming in at around 10 cents per KWH. Taking into consideration loses, they are almost equal. Since the technology has already been pretty well developed by the petroleum industry, this should be a slam dunk
Anyway, it is where I’m putting my money.