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Perhaps not surprisingly, in Reykjavik talk about geothermal power can sometimes take an evangelical turn. One afternoon in May, in the slick offices of Reykjavik Energy, Gudmundur Thoroddsson points out a World Bank study that lists electricity above corruption, crime and access to capital as the biggest obstacle to budding entrepreneurs in Africa. "It saddens me when I come to a place where you have a big oil-driven generator sitting on top of a geothermal field and you're paying three or four times the cost [for energy]," says Thoroddsson, the former CEO of Reykjavik Energy's investment...

Author: /time Magazine | Title: Energy: Boiling Point | 12/4/2008 | See Source »

Prophetic Dreams. The contestants had no monopoly on strangeness. Throughout the frantic days when it appeared that the match would be canceled, Gudmundur Thorarinsson comported himself with the kind of cool dignity befitting the president of the Icelandic Chess Federation and a Reykjavik city councilman. Except, that is, for that one moment when, by the light of the midnight sun, he assured some foreign friends that the match would take place because, based on consultations with a spiritualist, "prophetic dreams" and "certain powers" unique to his people, "I know a miracle will happen...

Author: /time Magazine | Title: Books: Iceland Follies | 10/28/1974 | See Source »

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