Best of the Week
Most Popular
1. Gold vs Cash in a Financial Crisis - Richard_Mills
2.Current Stock Market Rally Similarities To 1999 - Chris_Vermeulen
3.America See You On The Dark Side Of The Moon - Part2 - James_Quinn
4.Stock Market Trend Forecast Outlook for 2020 - Nadeem_Walayat
5.Who Said Stock Market Traders and Investor are Emotional Right Now? - Chris_Vermeulen
6.Gold Upswing and Lessons from Gold Tops - P_Radomski_CFA
7.Economic Tribulation is Coming, and Here is Why - Michael_Pento
8.What to Expect in Our Next Recession/Depression? - Raymond_Matison
9.The Fed Celebrates While Americans Drown in Financial Despair - John_Mauldin
10.Hi-yo Silver Away! - Richard_Mills
Last 7 days
When Will UK Coronavirus Crisis Imrpove - Infections and Deaths Trend Trajectory Analysis - 8th Apr 20
BBC Newsnight Focuses on Tory Leadership Whilst Boris Johnson Fights for his Life! - 8th Apr 20
The Big Short Guides us to What is Next for the Stock Market - 8th Apr 20
USD Index Sheds Light on the Upcoming Gold Move - 8th Apr 20
The Post CoronaVirus New Normal - 8th Apr 20
US Coronavirus Trend Trajectory Forecast Current State - 7th Apr 20
Boris Johnson Fighting for his Life In Intensive Care - UK Coronavirus Crisis - 7th Apr 20
Precious Metals Are About To Reset Like In 2008 – Gold Bugs, Buckle Up! - 7th Apr 20
Crude Oil's 2020 Crash: See What Helped (Some) Traders Pivot Just in Time - 7th Apr 20
Was the Fed Just Nationalized? - 7th Apr 20
Gold & Silver Mines Closed as Physical Silver Becomes “Most Undervalued Asset” - 7th Apr 20
US Coronavirus Blacktop Politics - 7th Apr 20
Coronavirus is America's "Pearl Harbour" Moment, There Will be a Reckoning With China - 6th Apr 20
Coronavirus Crisis Exposes Consequences of Fed Policy: Americans Have No Savings - 6th Apr 20
The Stock Market Is Not a Magic Money Machine - 6th Apr 20
Gold Stocks Crash, V-Bounce! - 6th Apr 20
How Can Writing Business Essay Help You In Business Analytics Skills - 6th Apr 20
PAYPAL WARNING - Your Stimulus Funds Are at Risk of Being Frozen for 6 Months! - 5th Apr 20
Stocks Hanging By the Fingernails? - 5th Apr 20
US Federal Budget Deficits: To $30 Trillion and Beyond - 5th Apr 20
The Lucrative Profitability Of A Move To Negative Interest Rates - Pandemic Edition - 5th Apr 20
Visa Denials: How to avoid it and what to do if your Visa is denied? - 5th Apr 20 - Uday Tank
WARNING PAYPAL Making a Grab for US $1200 Stimulus Payments - 4th Apr 20
US COVID-19 Death Toll Higher Than China’s Now. Will Gold Rally? - 4th Apr 20
Concerned That Asia Could Blow A Hole In Future Economic Recovery - 4th Apr 20
Bracing for Europe’s Coronavirus Contractionand Debt Crisis - 4th Apr 20
Stocks: When Grass Looks Greener on the Other Side of the ... Pond - 3rd Apr 20
How the C-Factor Could Decimate 2020 Global Gold and Silver Production - 3rd Apr 20
US Between Scylla and Charybdis Covid-19 - 3rd Apr 20
Covid19 What's Your Risk of Death Analysis by Age, Gender, Comorbidities and BMI - 3rd Apr 20
US Coronavirus Infections & Deaths Trend Trajectory - How Bad Will it Get? - 2nd Apr 20
Silver Looks Bearish Short to Medium Term - 2nd Apr 20
Mickey Fulp: 'Never Let a Good Crisis Go to Waste' - 2nd Apr 20
Stock Market Selloff Structure Explained – Fibonacci On Deck - 2nd Apr 20
COVID-19 FINANCIAL LOCKDOWN: Can PAYPAL Be Trusted to Handle US $1200 Stimulus Payments? - 2nd Apr 20
Day in the Life of Coronavirus LOCKDOWN - Sheffield, UK - 2nd Apr 20
UK Coronavirus Infections and Deaths Trend Trajectory - Deviation Against Forecast - 1st Apr 20
Huge Unemployment Is Coming. Will It Push Gold Prices Up? - 1st Apr 20
Gold Powerful 2008 Lessons That Apply Today - 1st Apr 20
US Coronavirus Infections and Deaths Projections Trend Forecast - Video - 1st Apr 20
From Global Virus Acceleration to Global Debt Explosion - 1st Apr 20
UK Supermarkets Coronavirus Panic Buying Before Lock Down - Tesco Empty Shelves - 1st Apr 20
Gold From a Failed Breakout to a Failed Breakdown - 1st Apr 20
P FOR PANDEMIC - 1st Apr 20
The Past Stock Market Week Was More Important Than You May Understand - 31st Mar 20
Coronavirus - No, You Do Not Hear the Fat Lady Warming Up - 31st Mar 20
Life, Religions, Business, Globalization & Information Technology In The Post-Corona Pandemics Age - 31st Mar 20
Three Charts Every Stock Market Trader and Investor Must See - 31st Mar 20
Coronavirus Stocks Bear Market Trend Forecast - Video - 31st Mar 20
Coronavirus Dow Stocks Bear Market Into End April 2020 Trend Forecast - 31st Mar 20
Is it better to have a loan or credit card debt when applying for a mortgage? - 31st Mar 20
US and UK Coronavirus Trend Trajectories vs Bear Market and AI Stocks Sector - 30th Mar 20
Are Gold and Silver Mirroring 1999 to 2011 Again? - 30th Mar 20
Stock Market Next Cycle Low 7th April - 30th Mar 20
United States Coronavirus Infections and Deaths Trend Forecasts Into End April 2020 - 29th Mar 20
Some Positives in a Virus Wracked World - 29th Mar 20
Expert Tips to Save on Your Business’s Office Supply Purchases - 29th Mar 20
An Investment in Life - 29th Mar 20
Sheffield Coronavirus Pandemic Infections and Deaths Forecast - 29th Mar 20

Market Oracle FREE Newsletter


The GeoThermal Option for the Economic Recovery of Iceland

Commodities / Renewable Energy May 20, 2010 - 02:39 AM GMT

By: Open_Foundation

Commodities Best Financial Markets Analysis ArticleGeographical Situation. Iceland has a geographical unique location on the collision/edge of two huge tectonic plates: the European and the North American. Due to this the nuclear fusion driven endless heath of the earth core ‘has a hot fold to the earth’s surface’ in Iceland. This creates possibilities to harvest geothermal on the low height parts of the fault. The tectonic fault is a line from north to south on Iceland. Iceland also is surrounded by the high seas, which can deliver abundant water need for the geothermal energy harvesting process.

Harvesting Process. This harvesting is done by drilling 2 (redundancy is also here important for delivering operational stability) water injection pipes and multiple steam ejection pipes in (often) a circle around the injection pipes. The cold water input crushes the underground rocks due temperature change which automatically delivers small ‘waterways’ in a circle around the water injection pipe. If they reach the ejection pipes the circle is round and the hot water harvesting process can start. The only energy input in operation is the water injection pump, as the return path of the water is powered besides the earth internal pressure also is very much powered by the internal water pressure due to heat. The very hot (under pressure) water comes to the surface in pipes and due the lower pressure it vaporizes in hot steam which powers turbines, which delivers power. The process delivers both power and clean (condensed, thereby sweet) water. As water input salt seawater can be used. Concentrated rest water can be injected again into the wells (or if they have only NaCl: into the sea). This process of harvesting geothermal energy delivers the cleanest/cheapest power in the history of mankind. Another very beautiful facet of geothermal energy is the fact that it delivers a continuous base load, it depends not on daylight like solar energy or on wind like wind energy. It a 365*24 continuous process that delivers each second of the year the steady same amount of kWh as it designed for. Geothermal energy is harvesting an endless nonfinite fully renewable energy source, which is very clean and has no impact on the local environment and global climate.

Transport Process. Power can basically be exported in 3 ways: 1) In products (moving energy intensive industries like aluminium, but also silica crystals to Iceland). Each product has an energy component and of some product this energy component is very high. These products can be used as in products captured energy export method. 2) As fuel (power > hydrogen). The power to hydrogen process with the current technology status delivers a severe energy lost. Still is a perfect method to benefit of not used energy in every energy model. As hydrogen becomes more common/voluminous the technology to realize it more cold (warmth is now the unwanted process by-product) and there by with better output ratios. There is no hydrogen transport and distribution infrastructure yet. Hydrogen is a not very compact gas, so it transport demands more transport capacity than of other fuel gasses like LNG. 3) By wire: New power transport technologies delivers only an approximately 3% lost per 1000 km (i.e. approximately only 5 per cent per 1000 mile). HVDC, LTS and HTS are these new technologies, where HVDC (High Voltage Direct Current) have taken the leadership in new energy transport wires as they have the best ROI, successful and voluminous install base. Inside the cables there also optic fibre cables for data transport. Making it possible for the very energy intensive data centre industry to move ‘north’ where a) power is cheap and b) cooling (in the south responsible for +70% energy demand per data centre) can be done by nature. Wires needs to be multiple redundant, as accidents may not harm more than some per cent of the total transport volume. Redundancy makes wires also not attractive as war/terror targets. Wires needs also a hydrogen backup component on both sides of the wire for maximal power ROI on the sending side and maximal power security on the receiving sides.

Transport Model. The transport model must be open. The early days of the oil age have proofed that severely. Who holds the transport, controls the bridge to the market. Transport monopolies are therefore not a good model, but open transport models are needed. All cables financed by the Open Finance model therefore must be open to everyone by digital capacity auction. So the market determines always the best and fair price for both supply and demand. Each cable connection will be hosted in a separate company (unlocking more tight back to back finance). Each cable connection will have a certain percentage long term capacity and a certain percentage spot market capacity. Long term capacity leasers can offer their capacity on the spot market if they have more transport capacity than own transport demand. Governments of power receiving nations are a special breed of long term capacity leasers. By this they ensure power price stability in their nations. Wire transport models must always compete with hydrogen based gas transport models. They operate in symbiosis. Hydrogen plants live of the power generation that has no transport capacity or remote demand available. For example night time power can be used to produce hydrogen (or to pump water into hydro reservoirs). Huge energy demanding processes base factories in Iceland will only operate in night times. This energy price based flexible process operation within factories is very standard in the USA for huge energy consuming processes like recycling). Everywhere energy prices making up most of the cost price, this will become more and more common practice. There will be hydrogen powered power plants in the remote sea harbours of Europe, Russia and America. Due the easy startup of this hydrogen > power process, the power plants will be used to generate/supply attractive peak load power demand.

Technological Model. The needed science/technologies/businessmodels are numerous: geodata, geolicensing, drilling installations, drilling pipes, water management, water chemical analysis, stream/hotwater pipelines, steam reactor vessels, stream turbines, power cables, power transformers, cable ships, hydrogen process, hydrogen storage, hydrogen transport, financemodels, green houses, fish farms, etc, etc, etc. All these needed science/technologies/businessmodels will be developed in open models, everybody can contribute under moderation of smart professionals, capable of managing loads of information. There will be a complaint structure for people with different views than the moderators. This moderation will be done online (not on one location). This moderation will be done paid related to activity level. By this model every interested business can obtain for free the best possible science, technologies and business models for implementation. They can hire contributors for the implementation process. Open models strongly accumulate human knowledge and contribute severely to economic improvement.

license Model. Every business can obtain a geolicense of one square kilometre each for a small production area both on the right and left of the tectonic fault. The licenses must be brought into production within 2 years after receiving otherwise the license will be revoked. licenses can not be traded (preventing speculation on licenses). licenses can not be used as collateral (preventing a credit bubble based on licenses). licenses forbid the use of fresh water (as that is a limited natural resource, but seawater is an unlimited resource). The geolicense model needs some sever clever minds to rule out speculation, credit bubbling and non exploration as much as possible. The license fees have a start fee and an operational fee. The start fee is used for infrastructural projects (seawater in infrastructure, concentrated salt water out infrastructure, fresh sweet water use infrastructure, warm water infrastructure for houses, offices, factories, fish farms, green houses, power lines, roads, bridges, etc). By the start license fees the Icelandic Administration is financial ready for every infrastructural investment with no state loans needed. The operational fee delivers the Icelandic State a huge continuous income in by a 0.5 % of the generated kWh, making taxing the people and companies no longer needed. Iceland will become the first tax free nation of the world driven by monthly geothermal license income. And the operational license will be paid in kWh, so this gives the Icelandic Administration also a hedge against currency value decline. This can make the Icelandic Krona a very strong currency. The only thing the Icelandic Administration needs to do is mapping a license geographical map. If the result of the legal research is that Iceland needs to pay the Icesave debts in Europe (this is not clear yet in legal terms), than Iceland can offer the UK and Holland a certain percentage (like for example 5%) of this continuous operational license income to release the debt without any actual burden for the state budget of Iceland.

Business Model. By the open science/technologies/businessmodels ambiance every interested business can obtain for free the best possible science/technologies/businessmodels for implementation. A fair playfield demands certainly an open access for everybody. They can hire contributors for the implementation process. Open models strongly accumulate human knowledge and contribute severely to economic improvement. Businesses can use the infrastructure delivered Finance Model to fund their business cases out of the global capital markets. Due the ‘kWh as ROI’ model, global investors will appreciate these business cases as it gives them a hedge against currency value decline. Due the Open Models investors knows they invest in cases researched/developed by world’s smarted brains. This leaves them with significant fewer risks then in any other investment. A good management team, some equity and a good license location for example is all what’s needed for a realizing one of the thousands possible geothermal plants.

Tendering Model. Specification based auctioning/tendering for purchase/sales/finance delivers the best deals possible for every party involved. The specification based model contributes enormously to innovation and security: it focuses everyone’s eyes on improvement of specs, terms and guarantees. It also delivers a bribe free purchase and sale system for everybody and by this contributes to the fair play movement and improvement movement within the business culture. Prices and guarantees are the answers on specification based tendering. For example suppliers will certainly seek state warranties of their own governments to support their bids. The tendering model facilitates both demand and supply in hosting their business case, making it easy for both sides.

Finance Model. Businesses can use the ‘capital infrastructure’ delivered Finance Model to fund their business cases out of the global capital markets. Due the ‘kWh as ROI’ model (as in: kWh as repayment ‘currency’), global investors will appreciate these business cases as it gives them a hedge against currency value decline. Due the Open Models investors knows they invest in cases researched/developed by world’s smarted brains. This leaves them with significant fewer risks then in any other investment. A good management team, some equity and a good license location is all that needed for a realizing one of the thousands possible geothermal plants. Due the tendering model, financiers knows they get to best money can buy as collateral in terms of specs and guarantees. Due the multiple (commercial, governmental and also market demand issued) guarantees financiers gets multiple guarantees. Demand supplying market parties are also very good guarantee issuers: their customer base delivers a direct connection to enduser originated power payments. Combined with delivery (partial debtor) collateral this direct link to this revenue source is ensured maximal. Furthermore there will be collateral on the kWh output. National States that issue any type of guarantees gets possibilities to get something in return. Selling the finance cases to long term investors will deliver quite a profit. These profits will be put in guarantee funds so that their local banks can lend more out for local energy transition investments. This way the profit on global investments facilitates increasing local energy transition investments. Operation can be insured by operational and maintenance contracts. The Open Finance Model has just two goals: a) facilitating capital supply and demand maximal and b) ensuring maximal financiers have maximal value security. When this message arrives in the brains of the financials worldwide, the model will be very voluminous in turnover. The fact that financiers and guarantee issuers get always kWh will make the Finance Model the widely used and perfect hedge against currency value decline, which is inevitable as there is printed a lot money worldwide the last years and the end of this is still not in sight. This is why Open Foundation advocates the use of Quantitative Easing only for energy transition investments, as fossil energy drains an economy and renewable energy enriches an economy.

Nation Model. National States that issue any type of guarantees will get an energy guarantee funds in return after the sales of the investment. These funds are funded by selling the finance cases to long term investors, which will deliver quite a profit. These investment case profits will fund this national energy transition guarantee fund, so that their local banks can lend more out for local energy transition investments. This way the profit on sales of the investment cases of global energy transition investments facilitates increasing local energy transition investments.

Initiation Model. There’s a mutual interest of the UK, Holland and Iceland that this possibility will get realized. Therefore there must be an office in London, Amsterdam and Reykjavik. Employees are detached by the respective nations. Each nation delivers also an auditor who do continuously the auditing for and reporting to the Administration that has hired them. In phase two (as the prospectuses are made ready and banks supported are gathered) there will be sales branch offices in Silicon Valley, Wall Street, Beijing, Shanghai and Abu Dhabi. Actual Version. An actual version of this info can be found on This PDF file version can be found on Economic-Recovery-of-Iceland.pdf

By Open Foundation

Open Foundation ( facilitates in data structures the changes needed for global prosperity the 21st century. New realities in high prices for energy, water, resources, food, plus huge geographical changes in purchasing power will have significant prosperity effects. Economies that are mainly driven by cheap energy will 'slow down' severely by high energy prices. (see also

© 2010 Copyright Open Foundation  - All Rights Reserved

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

© 2005-2019 - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Knute Rife
21 May 10, 17:52
Are These People For Real?

Nuclear fusion is occurring inside the Earth? And it's the source of geothermal power? Really? If that's the level of science these people work at, there's no way their proposals can be taken seriously.

21 May 10, 18:11
Earths heat

The earths core generates a lot of heat mianly due to decaying radioactive particles ( as well as many other reasons).

But nuclear fusion ?

As far as I am aware that can only take place in stars.

Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules