The Forum > Article Comments > The dismal truth, Mr Rudd > Comments
The dismal truth, Mr Rudd : Comments
By Lionel Orford, published 13/12/2007The inevitability of peak oil and its effects have been known for decades, but rigorously denied. Now we need to get active.
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Posted by Fickle Pickle, Thursday, 20 December 2007 5:33:24 AM
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The company has received a $6.5 start grant compared to $100 million raised from the public. This grant is offset by a reduction in the R&D tax rebate available to all companies for R&D. It is possible to argue that the company has received no net assistance from the government.
The company asked to be supported further but has received no further funds. At the same time the coal industry has received several hundred of millions of dollars for sequestration research.
Not sure how much extra information you need to understand what is going on but there are 10 listed companies in Australia in the geothermal area and there is a limit on how much information can be released.
With respects to your previous remarks on European failures one of the many reports on the web site states
"The closest thing to the world’s first commercial EGS project has just commenced operations at Landau in Germany in October 2007. Unfortunately, there is only limited information available on this privately owned project, but we understand that water with a
temperature of 155°C is brought up to the surface through the closed-loop production well from a depth of 3,300m and converted into electric power of 3MW to supply 5,000 homes with electricity and some 300 homes with heat. This is essentially a pilot plant to demonstrate commercial viability, which is expected to lead to an expansion at Landau, and to be followed up at 20 other locations in Germany."