Having made a career in the geothermal power industry around the world for almost 40 years, I can say that geothermal power can be relatively cheap, clean, and semi-renewable. It can be developed as a closed loop process, but typically it is not, because it is much easier and cheaper to reject heat from the fluid in the condenser part of the turbine-generator through evaporation than by blowing air through a heat exchanger. So some of the steam and geothermal gas (mostly CO2, with a small amount of H2S) is released to the atmosphere, and in Lake County where the SMUD plant was located the sulfur gases are scrubbed from the released gas and chemically fixed as elemental sulfur. That is a bit messy, but much more environmentally friendly than burning any sort of hydrocarbon.
There are a very limited number of sites in the world where geothermal power can now be produced at current market prices...maybe a few hundred. As the price of power increases, the number of sites will increase, but not by a lot. And most of the sites are small, producing only a few to a few tens of MW of generally baseload power (ramping load up and down results in thermal cycling in the wells, which causes sloughing of the rocks in the wells, damaging the wellbores). So using current technology the upside of geothermal in the world power market is not very much higher than where it is today...single digit percentages. With new drilling and fracking technology, there is potential to increase this percentage, but don't look to the oil industry for the technology. I worked for one of the large US oil companies and for many years we were also the largest producer of geothermal power in the world. But despite the apparent potential for symbiosis in the company, the geothermal and O&G groups were working on solving different problems, and the solutions did not overlap much. Hydrocarbon wells produce relatively (compared to geothermal) low volumes of high-energy fluid from rock. The fluid flows in a one-way trip from the deepest recesses of mappable sedimentary rock layers into wellbores and up to the surface. New technology geothermal wells will require much larger fractures to conduct much larger volumes of fluid (usually water) through huge volumes of igneous, metamorphic, and to a lesser extent sedimentary rock. And the fracture systems will need to enable both the flow of fluid into the rock and out of the rock in order to mine the heat contained in the rock. So the geothermal fracking problem is a much larger problem compared to fracking for gas. Unfortunately it looks like it will require a lot more energy ($) to create an effective geothermal fracture network, and in the end a fluid with much lower energy content will be produced, compared to oil and gas.
Compounding the fracking problem, the relatively low energy content (low-T) of the geothermal fluids means that for a given power output, more surface equipment is required compared to current high-T geothermal systems. So next generation geothermal power is going to be, necessarily, more expensive than current geothermal power. How much more is the question.