"Nationwide, the reports indicate there is potential to recover more than 43 billion barrels of oil from stranded oil resources in six regions using the latest CO2 enhanced oil recovery techniques. The regions include onshore Gulf Coast, offshore Louisiana, Oklahoma, Alaska, Illinois and onshore California. "
This is great news. I hope we pursue those technologies.
We need to do everything to reduce our dependence on foreign oil.
OK everybody, EXHALE!
In the Permian basin of West texas, they have been using secondary recovery, water injection for 40+ years. CO2 injection is tertiary recovery and theat has been used on certain fields for 20+ years. At one time TXU Electric was discussing puttong a CO2 scrubber on the 500MW unit 6 at the Morgan Creek plant to get the CO@ for injection into a nearby field. The price of oil dropped drastically after President Reagan decontrolled it and the project was no longer economically feasible. I was told recently that oil prices have to stay above $40/bbl for CO2 injection to pay. There is a lot more fracking work, acid injection, co2 injection and recovery equipment and higher maintenance costs.
Nooooooooo ---- We're gonna die!