Re: UL helping fuel Louisiana’s energy management with historic grant
Quote:
Originally Posted by
cajunfan96
So, if I understand this correctly, this "carbon capture" will be used for further drilling? This makes me feel better about this situation. I presumed these Dumb Azz politicians were just putting carbon dioxide underground to "save the planet."
Well no. SOME carbon sequestration is used for increased production in mature fields, and has been for 50 or so years.
But what is coming about, and partially funded by the so-called Reinvestment Act and other "credits" is carbon sequestration/capture where the CO2 will be injected into porespace subsurface to remain there for "100 years or more", and that is to "save the planet".
Like I stated, Exxon has used, and will continue to use, CO2 injection/sequestration in order to gain improved production; however, their CO2 storage complex that's supposed to be around Intracoastal City will, from my understanding, but solely for pure sequestration to leave the CO2 in the ground.
Conservatives generally don't like it because the economics of stuff like that is funny tax credit/carbon credit business. Enviro-commie folks like Greenpeace hate it because they say it will prolong the fossil fuel industry by allowing us to "offset our harmful emissions".
Re: UL helping fuel Louisiana’s energy management with historic grant
I will go out on a limb and propose that without the collateral benefit of Carbon Capture resulting in the added production extracted from an old hole, and the added subsistence contributed by the gubment for utilizing Carbon Capture in that process, Carbon Capture would not be a thing in this regard.
Re: UL helping fuel Louisiana’s energy management with historic grant
Quote:
Originally Posted by
cajunfan96
So, if I understand this correctly, this "carbon capture" will be used for further drilling? This makes me feel better about this situation. I presumed these Dumb Azz politicians were just putting carbon dioxide underground to "save the planet."
From Jan 31, 2024 Breitbart.com:
Chinese lithium giants Ganfeng and Tianqi warned investors on Tuesday that their profits are plunging by up to 80 percent as the demand for electric vehicle (EV) batteries weakened, producing a glut of lithium that drove prices down.
