From OilPrice.com:

With Washington finalizing a last-minute debt deal to avoid a default, some are preparing for what's next. Frankly, the poorly pieced together debt deal will do little more than delay a default, in the meantime, both the public and private sectors will need to scramble to figure out how to kickstart the economy.

One popular belief is that renewed investment in energy infrastructure development -- particularly in renewables -- could help create jobs and spur economic growth. In light of this, two new bills are making their way to congress for approval in the coming months that will boost geothermal energy development across the U.S.

Since the end of 2009, there has been little development in geothermal energy in the U.S. Analysts speculate the reasons for this are most likely the long permitting process and the expensive upfront costs of test drilling. However, the two new bills will likely ease these burdensome factors.

The first is a House bill that was already approved by the Natural Resources Committee. The bill is aimed at...

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