`Silver Bullets’ for Solving the Energy Crisis #1 - Put Oil Companies to Work on Geothermal Energy
Submitted by EnergyTechStocks.com
Every energy expert says there is no single “silver bullet” for solving the global energy crisis. But that doesn’t mean there aren’t a bunch of silver bullets, each one of which might solve a part of this crisis, and do so in a way that makes investors a lot of money. EnergyTechStocks.com has loaded up its six-shooters with silver-bullet solutions to different aspects of the energy crisis which, in its opinion, aren’t just technologically feasible but, just as important, politically and financially viable as well.
Silver Bullet #1: Get major oil and gas exploration and production companies to concentrate on geothermal energy.
Thanks to new technology, the number of sites where the earth’s own heat might be captured and used to turn water into steam for clean-running power plants has grown tremendously. Nobody yet knows the full extent of geothermal’s potential, but it could be huge. With the world expected to need 100% more electrical generation capacity by 2030, and with coal and nuclear bogged down politically by environmental concerns, there is a critical need to drill geothermal wells that goes way beyond the abilities of the small number of companies currently focused on this energy sub-sector.
U.S. Democratic president candidates Barack Obama and Hillary Clinton want to pay for “green” energy development by taking away oil and gas companies’ existing tax breaks. But to Republicans this constitutes punishing Big Oil at precisely the time when its exploration and production skills are needed to find more energy. A silver-bullet solution that might be acceptable to both sides would be to give Big Oil tax breaks for drilling for geothermal energy in exchange for eliminating some on the breaks dedicated to oil and gas exploration and production.
The devil’s always in the details, but it’s hard to imagine how Democrats would explain opposition to this potentially game-changing new clean energy source. At the same time, Big Oil would not appear to have been “punished,” and so Republicans could claim victory as well, especially since exploiting a nation’s geothermal energy serves to enhance that nation’s national security.
For investors, there would be numerous winners, among them drilling companies and companies that provide drilling services as well as companies already involved in geothermal drilling that have leases on many potentially lucrative prospects.
Coming tomorrow, March 25 - Silver Bullet #2 - incentives for simple technology that can reduce today’s gasoline consumption 20% to 25%
