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Iceland - "the Kuwait of the North"
Alex Steffen, 15 Oct 04

Iceland is planning to tap its massive geothermal energy supplies to create hydrogen for export, turning itself into "the Kuwait of the North" by the 2030s:

“My children, they will watch the whole transformation,” the 67-year-old Arnason told Venture, his voice choking with emotion. “And when [my] grandchildren are grown up, we will have this new energy economy in Iceland.”

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I'll be **really** surprised if it takes that long...


Posted by: Vinay on 15 Oct 04



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