Carbon Dioxide for Oil Recovery Could be a $240 Billion Business

This entry was posted by Friday, 15 October, 2010
Read the rest of this entry »

In what seems on the surface a little bit of a zero-sum solution, a British researcher has stated that oil recovery using carbon dioxide could be worth £150 billion (USD $240 billion) if acted upon immediately.

By using carbon dioxide to enhance the recovery from existing North Sea oil fields, the new calculation by Jon Gluyas, a Professor in CCS & Geo-Energy, Department of Earth Sciences, Durham University could yield an extra three billion barrels of oil over the next 20 years.

More from here


Leave a Reply



*
online pharmacies on line pharmacy