Big Geothermal Source in Coal Country

Source: PhysOrg (10/5/10)

"Could enhance energy security, reduce CO2 emissions, and develop high-paying clean energy jobs."

New Google-funded research produced by Southern Methodist University's Geothermal Laboratory, funded by a grant from Google.org, suggests that the temperature of the Earth beneath the state of West Virginia is significantly higher than previously estimated and capable of supporting commercial baseload geothermal energy production.

The SMU Geothermal Laboratory has increased its estimate of West Virginia's geothermal generation potential to 18,890 megawatts (assuming a conservative 2% thermal recovery rate). The new estimate represents a 75% increase over estimates in MIT's 2006 "The Future of Geothermal Energy" report and exceeds the state's total current generating capacity, primarily coal based, of 16,350 megawatts.

Researchers from SMU's Geothermal Laboratory will present a detailed report on the discovery at the 2010 Geothermal Resources Council annual meeting in Sacramento, Oct. 24-27. A summary of the report is available online.

The team's work may also shed light on other similar geothermal resources. "We now know that two zones of Appalachian age structures are hot—West Virginia and a large zone covering the intersection of Texas, Arkansas, and Louisiana known as the Ouachita Mountain region," said Blackwell. "Right now we don't have the data to fill in the area in between," Blackwell continued, "but it's possible we could see similar results over an even larger area."

Blackwell thinks the finding opens exciting possibilities for the region. "The proximity of West Virginia's large geothermal resource to east coast population centers has the potential to enhance U.S. energy security, reduce CO2 emissions, and develop high paying clean energy jobs in West Virginia," he said.

virginia geothermal

Announcing Streetwise Live! Events
Source: Streetwise Reports (07/13/2020)

Streetwise Reports is offering 100 investors—at no charge—the opportunity to meet via Zoom with executives of precious metals companies as they discuss recent developments at their companies and upcoming catalysts.

"China's export quota could be opportunity for Canadian miners"

Latin America: Six Gold Juniors Amass 100M+ Ounces
Source: Marc Davis, BNW News (05/25/2010)

Latin America, the world's last great mineral frontier for prolific gold discoveries, is proving a godsend for some lucky investors.

Mexico: Gold's Next Powerhouse Player
Source: Marc Davis, BNW News (11/03/2009)

As the world's key gold producing nations struggle mostly in vain to replenish dwindling below-ground supplies, Mexico is bucking the trend in a big way.

Where Have All the Gold Mines Gone?
Source: Brent Cook, Exploration Insights (04/14/2009)

Given the declining global gold production, mining companies’ demand for reserve replacement and the acute dearth of new gold discoveries, there is no doubt that real economic discoveries will be exceptionally valuable. . .the opportunity for stellar profits is the best it has probably ever been. Identifying the few successes, however, will require vigilant and constant technical assessment of geology and drill results, always with an eye to mine economics.

Congo Completes Mining Review, Says Majors Quit Talks
Source: Reuters (12/20/2008)

"Review process is extended an additional 45 days to allow six companies to return to the negotiating table for direct talks with government ministers."

I haven’t spoken to my old mining stock friend, noted and universally respected gold stock guru, Bob Bishop, about Rare Element in a year, but I hear he is still a supporter and very large shareholder. I don’t believe he will hold it against me to remind you that this was one of his favorite holdings when he left the newsletter writing business. . .

It's Only the Beginning for Uranium
Source: www.financialinsights.com (06/03/2005)

Dr. Richard S. Appel, author of Financial Insights, first became bullish on uranium in mid-2003, when it appeared obvious that its supply versus demand equation was fated to seriously drive higher its price. Since then, a series of events in the uranium industry has led Appel to believe that uranium prices will reach never before seen levels.

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