Current renewable energy sources will not be enough to solve our high energy demands and due to the constraints being put on oil and gas there is an impending energy crisis (data in the URL below)
Advances in geothermal, especially with governmental backing, can help alleviate the high energy demands in a sustainable way. The deeper we go the more energy solutions we create.
Geothermal advances such as lateral drilling and fracturing were created in 1900s but have not been economically viable till recently. As the energy crisis gets worse geothermal technology will become more economically reasonable.
I think most investors see it more as a store of value, compared to fiat, and more scarcity, transportability and accountability than gold/hard assets.
Kevin Kelly, when the creative director at Wired, said something similar about choosing which stories to write about. He would never write a story himself until a topic had been passed up by too many writers that it began to frustrate him.
Current renewable energy sources will not be enough to solve our high energy demands and due to the constraints being put on oil and gas there is an impending energy crisis (data in the URL below)
Source: https://www.macrovoices.com/guest-content/list-guest-publica...
Hypothesis:
Advances in geothermal, especially with governmental backing, can help alleviate the high energy demands in a sustainable way. The deeper we go the more energy solutions we create.
Geothermal advances such as lateral drilling and fracturing were created in 1900s but have not been economically viable till recently. As the energy crisis gets worse geothermal technology will become more economically reasonable.
Source: Podcast in the post