Technology:

Recycling Old Wells for Geothermal Power (Moneyshow.com)

Thomas S. Drolet

A new breakthrough in geothermal power could democratize the energy source in the US, and also add enormous value to thousands of abandoned wells across the country, observes energy expert Tom Drolet of Drolet Energy Services.

"There is a new source that’s been known for decades, and in fact our government, the US Department of Energy, spent approximately $180 million some two decades ago looking into the thermal energy that exists at the bottom of some abandoned oil and gas wells".

"They focused their efforts in Texas and in some places, under some of those 1 million-plus abandoned oil and gas wells. There are reservoirs of hot brine or hot sea water, if you will, down about two miles, and that seawater also contains residual amounts of natural gas".

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