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Iceland's volcanoes could power the UK: but at what cost?

Why spend all this money, only to be dependent upon another country for our energy. Why not use our own geothermal capabilities with hydraulic pumping and generate our own capacity, it makes much more sense. Large interconnectors are fine in theory, but are prone to attacks from everyone of the current and future groups springing up. How do we repair a cable in the middle of an ocean? All it takes is one terrorist or anarchist group to wipe out a substantial quantity of our power, then there's the cost. Can we set the prices or will they become another world traded commodity sold to the highest bidder. With such money floating around, surely it makes sense to generate our own electricity, become self sufficient, and sell it to Europe for profit. Much of the European supergrid appears to be the speculators vying to control the K, then Europe's then the worlds power.

13 Apr 2012

6:13 pm