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...then pump it underground to help extract more oil. Fracking with a green paintjob and a PR overhaul.
It's better than not doing it. Per an NPR segment, the idea is to store enough that the net production of oil is carbon neutral. That's better than not doing it, but it would be much better if we spent the money just in sequestration and not on making net zero production obviously.
Man, keep in mind patent law. If oil companies develop an efficient version of the tech first, it could prevent more savory groups from building things out.
On the other hand, the Department of Energy person made good sense. We tried fighting the oil companies, and it didn't work. We shouldn't keep trying the same strategy and expecting things to change after they haven't worked.
But yeah, it's just going into more fracking. Would the sequestered CO2 be less than that generated by the new oil? I somehow doubt it.
I think best case, the oil companies develop the tech but can't patent it for some reason, then we get mass production as a standalone industry such that the new oil doesn't matter. Maybe likely case is that oil companies develop the tech, patent it, then make profit of the government using it to fix their climate mess. Sounds like an oil exec strategy to me
Trees: Am I a joke to you?
This is the best summary I could come up with:
Occidental Petroleum is investing in billion-dollar projects to suck carbon dioxide out of the sky.
The effort is raising hopes — and eyebrows.
The original article contains 23 words, the summary contains 23 words. Saved 0%. I'm a bot and I'm open source!
Technology is amazing
this post was submitted on 10 Sep 2023
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