That's it I'm going to Iceland.... one day.

Homer: That's it! You people have stood in my way long enough. I'm
going to clown college!

Iceland makes use of it's prime location on top of the main fault line in the Atlantic Ocean - the Mid-Atlantic Ridge - by using the vast geothermal resources to produce electricity and hot water for houses.

• Iceland has large geothermal and hydroelectric resources, so much so that the local price of electricity actually is lower than the price of the hydrocarbons that could be used to produce that electricity.
  
• About 85% of all houses are heated with geothermal energy.
  
• Over 99% of the country's electricity is produced from hydropower and geothermal energy.
  
• Iceland has large geothermal and hydroelectric resources, so much so that the local price of electricity actually is lower than the price of the hydrocarbons that could be used to produce that electricity.

[The extremely low cost of electricity in Iceland based on its geothermal power stations allows for the cheap production of hydrogen as an alternative fuel source. (48% of current hydrogen production is from natural gas, 30% is from oil, 18% is from coal, and electrolysis accounts for about 4%). The only requirements for electrolysis are electricity and water. However, electricity is much more expensive per unit of energy than methane, and hence the process is anti-economic for large scale production in most other countries.]

• Plans call for Reykjavik's 80 busses to run on compressed hydrogen by 2005.
  
• Research on powering the nation's fishing fleet with hydrogen is underway.
  

All of this sounds pretty damn good to me!


(All of this information thanks to Wikipedia - the free online encyclopedia just type in Iceland and you're away!)