Geothermal Energy an Alternative to Oil for Drill Rigs
source: http://www.greenergynews.com/geothermal-energy-an-alternative-to-oil-for-drill-rigs/
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- dagloman
- added this
A little covered but growing alternative power source attracting large sums of both private and federal funding is geothermal energy. As working rig counts have fallen dramatically since this time last year (Baker Hughes reports only 899 rigs working this week, down over a thousand from a year ago) geothermal exploration may provide a still small but growing alternative market. We are not talking about shallow hole 200-500’ heat exchanger projects for residential and small commercial buildings, these funds are flowing into deep well steam generation projects usually intended for electricity generation.
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- groups:
- Green, Green Energy
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- tags:
- Oil, Green Energy, Geothermal, geothermal energy, 2 more
