Bunch of smug greenies having a great time
Up until the volcano erupts
Because of its singular geological position, Iceland has the special conditions needed to generate geothermal energy. The high degree of volcanism, along with the world renowned expertise of Icelandic specialists in the field of geothermal energy utilization, enables Iceland to be the world leader the production of this eco-friendly, sustainable and renewable power.
Geothermal energy in Iceland is used in diverse ways, including being harnessed for heating and the production of electricity. The energy comes rather cheap. So, in the wintertime, some sidewalks in Reykjavík (Reykjavik) and Akureyri are heated, and on the 40 km long road between Reykjavik and the International Airport at Keflavík (Keflavik), the lights on the lamp posts are on the whole night.
Yes, their energy is all geothermal for the reasons you stated. On the other hand only 1% of their land is farmed so all their food etc. is imported....A beer at a pub at a special rate would be $7.00 and standard is $10 to $12. and that was a few years ago.