Jeremy Grantham: prediction

Transcript context

…More general forms of geothermal energy — will they work? I suspect geothermal will also work, and I suspect it has a very good shot at being commercial in some parts, because we have just drilled hundreds of thousands of holes in fracking. And the technology improvement, the engineering improvements in that 15-year window were just cosmic, and now we can transfer a lot of that technology towards geothermal. If you imagine 20,000 wells later in geothermal, with capitalists and engineers beavering night and day to do it better, it’s hard to believe that we will move from a handful of super attractive, easy places today — which are commercial — it’s hard to believe we won’t move to having big chunks of available commercial geothermal. I think that’s very promising. Very last question. Let’s say you’re right about the superbubble. What should be the next thing happening that we should be watching for? What will be telling us, “Jeremy was right”?…

Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.