If it’s economic for enhanced oil recovery then fine, go for it. Just don’t pretend it has anything to do with carbon capture and sequestration (you get about 80% back with EOR anyway). More oil and gas, good. Less atmospheric carbon dioxide, criminally stupid.
On July 26th, the Atlantic Council’s Energy and Environment Program hosted a discussion with Vello A. Kuuskraa and Michael Moore, internationally recognized experts on CO2 enhanced oil recovery (EOR) and carbon markets. Pamela Tomski, senior fellow for the Energy and Environment Program, moderated the discussion.
In the absence of US legislative action on climate policy, there has been a shift in US policy emphasis from carbon capture and storage (CCS) technology to CCUS with the “U” for “utilization” for EOR. This briefing will investigate current domestic carbon and oil market dynamics, examine the potential for CO2 EOR, and address the challenges of implementing large-scale EOR with CO2 capture and storage. It will also outline supportive policies and actions that could accelerate the integrated use of CO2 EOR and CCS.