Dr. Mock began the session by paying tribute to Dr. Myron Dorfman, Professor of Petroleum Engineering at the University of Texas, who had just passed away after a protracted illness. Dr. Dorfman, more than other any individual, was responsible for bringing the geopressured-geothermal...

This report presents the results of an economic study conducted by the INEL under DOE Contract No. AC07-76ID01570 to evaluate the breakeven price to market energy from a geopressured-geothermal resource. A breakeven price is a minimum, per unit charge required for the developer to recover all...

A description is given of the computer program, GEOCOST, and its application to some analyses of the economics of geothermal energy. GEOCOST combines both technical and economic factors into one systematic cost accounting framework. The program, which simulates production of electricity from...

Small business lending is big business and growing. Loans under $1 million totaled $460 billion in June 2001, up $23 billion from 2000. The number of loans under $100,000 continued to grow at a rapid rate, growing by 10.1%. The dollar value of loans under $100,000 increased 4.4%; those of...

The methodologies used for computing levelized busbar costs of electricity from geothermal (hydrothermal) resources used by 16 organizations active in the geothermal area are discussed. The methodologies are compared by (a) comparing the results obtained by using two standard data sets, (b) a...

The most important factors affecting the economics of geothermal electricity production are the wellhead temperature or enthalpy, the well flow rate, and the cost of the wells. The capital cost of the powerplant is significant, but not highly sensitive to these resource characteristics. The...

A computer simulation model (GIRORA-Electric) is developed to study the economics of power generation from high temperature geothermal resources. GIRORA-Electric is a discounted cash flow investment model which evaluates the rate of return on producers' capital investment. This model consists of...

The Earth Sciences Division of Lawrence Berkeley Laboratory (LBL) is conducting a reservoir evaluation study of the Ahuachapan geothermal field in El Salvador. This work is being performed in cooperation with the Comision Ejecutiva Hidroelectrica del Rio Lempa (CEL) and the Los Alamos National...

Small businesses are the cornerstone of the American economy. Over 22 million small businesses account for approximately 99% of employers, employ about half of the private sector workforce, and are responsible for about two-thirds of net new jobs. Many small businesses fared better than the...

The Global Geothermal Energy Database of the International Geothermal Association (IGA) is an internet-based platform providing access to the world geothermal production data. This platform is unique for the geothermal sector, and provides an excellent tool for showing geothermal use in the...