Professor Mark J. Perry's Blog for Economics and Finance
Monday, November 07, 2011
New Research Reveals Huge Geothermal Resources in U.S. Accessible with New Advanced Technology
GIZMAG.COM -- "As a green energy source, geothermal heat is tough to beat, but until recently, it was believed to be economically feasible only in areas with shallow tectonic (volcanic) activity. Now, with a generous grant from Google.org, the search engine giant's philanthropic arm, two scientists from Southern Methodist University (SMU) have pooled together the results from more than 35,000 data sites to paint a very different, almost rosy, energy picture for the United States and, indeed, the world.
We now know that potentially exploitable EGS resources can be found in all 50 U.S. states and countless regions around the globe as well, so it's only a matter of time before abundant clean energy begins to flow from tapping into that massive molten furnace churning below our feet.
SMU Geothermal Lab Coordinator Maria Richards and Geophysics professor David Blackwell's research has revealed, however, that a much larger portion of the earth's crust can yield usable energy than was previously thought, especially in the eastern U.S. The project's findings indicate that, with advanced technology already available, the continental U.S. harbors a staggering 2,980,000 MW of potential energy! That's especially impressive considering the current global geothermal generating capacity is only 9,000MW.
"Both Google and the SMU researchers are fundamentally changing the way we look at how we can use the heat of the Earth to meet our energy needs, and by doing so are making significant contributions to enhancing our national security and environmental quality," said Karl Gawell, executive director of the Geothermal Energy Association.
To view the new Enhanced Geothermal Systems maps constructed with SMU's data , go here to get the latest version of Google Earth, then download and open the file here."
MP: Watch video above for an overview of EGS potential. This is one more reason that "peak oil" is "peak idiocy" (credit to Mike Munger for that term).