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Geothermal's economics haven't changed substantially in a very long time. Furthermore, it requires water as input, which automatically nullifies it as a serious contender.
It's the same reason why conversion of tar sands and oil shales isn't feasible as a large-scale project. Because water is an incredibly scarce and precious resource. And you can forget seawater since it's highly corrosive and would clog up the works with salt.
Heat pumps, yes. Geothermal, no.
Here's your handy cheat sheet:
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