Re: Iceland's economy. I agree on the fishing issue, it's way overdone and quotas must be lowered across the board.

Iceland needs to jump on two things it has going for it.

First, it's experience and movement towards being near totally independent from fossil fuel needs. I think they want to be self-sufficient by 2050 but are on target for 2030. Geothermal is a biggie. The sleeping giant that I am hoping for is proof that hydrogen-based personal and public transportation is doable. Still, it'll never happen in the US until Exxon and the other big oil companies can figure out how to monopolize it and charge just as much, if not more than now, for hydrogen than gas.

Second, tourism. Specifically eco/geo-tourism. Where others see barren wastelands, I see gorgeous natural landscapes and tons of active volcanoes. There is a LOT of pure, untouched, unspoiled land there that. If the price were right, I'd absolutely go visit for a chunk of time. They need to figure out how to make that attractive and cheap.