By Joe Hung in Casey's Daily Dispatch:

President Obama, as a staunch proponent of green energies, has been pushing for their implementation since Day One of his presidency. Whether you agree with him or not that renewable energy is America's future and that the U.S. will be the global center of green technology, fact is that there is a lot of money to be made here.

We of Casey's Energy Division feel the best opportunities lie in the sector that people talk the least about. Wind farms and solar farms shoot up all over the United States like mushrooms after a summer rain, and largely uneconomical biofuels are having their day in the sun… but one type of energy sticks out as vastly underappreciated, even though it has all the characteristics of profitable energy production.

... So, what is this technology?

The answer: geothermal energy, a time-tested technology that has heated homes, baths, and spas since Roman times. "Geothermal" literally means "Earth's heat," which is about 9,900 degrees Fahrenheit at the Earth's core – about as hot as the surface of the sun. Geothermal energy can be harnessed from underground reservoirs, containing hot rocks saturated with water and/or steam. Drilling down 1.2 miles or more into the reservoirs, producers can draw up the hot water and steam to a geothermal power plant, where they are used to drive electric generators. The water, once used and cooled, is then piped back to the reservoir.

Though geothermal energy has all the advantages [of profitable energy production], it is still largely ignored in the mainstream media, which has chosen to focus on solar and wind. The truth is that geothermal's efficiency is competitive with that of fossil fuels like coal and natural gas, even without government incentives, which are really just icing on the cake.

That's why many of the top resource players in Vancouver are putting their chips on this renewable energy… and you would be wise to do the same.

Crux Note: You can find a much more in-depth analysis in Casey's Energy Opportunities, including exactly how geothermal works, how it compares to other forms of energy, and the best ways to profit from it. To learn more, click here...

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