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Monday, April 14, 2008

Iceland Turns to Geothermal and Hydroelectric Power to Cut Oil Dependence

Problems linked to foreign oil dependence are real and frightening

In fact, Iceland, in its effort to reduce dependence on imported oil and clean up its environment at the same time, is trying to become the world’s first petroleum-free economy. President Olafur Ragnar Grimsson described his nation’s situation this way: “We have this eternal machine in this country created by the Almighty consisting of the fire below under the ground and the glaciers and the water that comes from the sky, and it goes on and on, year after year, century after century, creating this fascinating source of energy.”

So Iceland set out on an ambitious and risky program to develop its existing resources. Rather than import every joule of their energy, Icelanders drilled wells to tap hot underground water and built a grid of pipes throughout the entire city of Reykjavík to circulate the water to heat the city’s homes and offices. Soon, Icelanders were also using their volcanoes and many rivers to generate copious amounts of geothermal and hydroelectric energy

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Keywords: Real-World Solutions, Foreign Oil Dependence, environmental regulation, Vikings, hydrogen-powered ships, Daimler Chrysler, Toyota, hydrogen-powered cars, Hertz, Jules Verne, Asgeir Margeirsson, geothermal company, Geysir Green Energy

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