U.S. Geothermal built the first modern geothermal power plant in Idaho and has never really recovered from the gold-digging by Goldman-Sachs. Goldman has gained international acclaim for its financing methods so you might have missed the hurt it laid on a geothermal power start-up.
The juice racketeers in the old days got a call when nobody else would lend. Their no-neck collectors had methods for collecting the juice that beat the heck out of lawyers and courts, not to mention borrowers.
Goldman and cohorts have somewhat more refined methods today but no less effective for those trying to develop the most potent of all renewable energy resources. Even Al Gore recognizes that simple fact though few of his idolizers seem to.
Why is Ram Power, a geothermal power company, headquartered in Reno and incorporated in Canada? Why does US Geothermal Power, incorporated in the U.S., still raise money in Canada? Why is the premiere geothermal company in the U.S., Ormat, an Israeli company?
Bob Potter is why.
continued at Daily Kos...
