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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: carl a. mehr who wrote (96364)	2/3/2008 5:42:37 PM
From: Elroy Jetson	Read Replies (1) \| Respond to of 206334

If you had provided free capital to build the power plant, drill the geothermal wells, pay for the exploration costs, and you had provided the geothermal source free of royalties -- then Chevron could provide geothermal generated electrical power for free just as you imagine. Until that time please remain in the real world. When Chevron built geothermal plants in the U.S. in the 1980s they required a return of 16% annually on their capital. Capital costs are somwhat lower today, but the required return is still significantly more than "free". When Chevron runs an advertisement saying they provide enough geothermal power to meet the needs of 7 million people your imagination has led you to conclude this is located in one particular city. You have imagined incorrectly. As contained in my answer, these are a number of locations in Indonesia and the Philippines. Also as contained in the links I provided you, Chevron's geothermal power plants in the United States were previously sold to other firms and operated by the firms listed. These plants are not included in the 7 million figure. I know you don't think this is an answer to your question, as you're still looking for the location of your imagined city of 7 million. -- Tough cheese. .