Eric Schmidt: Renewables are Cheaper, Not Nuclearbr Commonwealth Club - The Commonwealth Club of Californiabr Would "Drill, Baby, Drill" be part of Google's vision for green energy? Yes, but not drilling for oil.CEO Schmidt says punching down into the Earth to capture natural and clean geothermal energy could help move the United States away from its dependence on petroleum. Google's new energy plan also calls for a bold move into solar and wind power.It would cost $2.7 trillion through 2030. However, Schmidt says it would generate $2.1 trillion in energy savings. It would also create hundreds of thousands of jobs.