Re:What if carbon removal becomes the new Big Oil?
by binbag on Sunday July 26, 2020 @07:14AM
(#23956199)
Why is this comment so unpopular? I also fail to see how these ex oil companies will profit from carbon reduction. A far more likely scenario is they apply what they have learned in oil and gas to offshore wind generation and continue to have a business model around provision of energy, e.g. the transformation of Statoil into Equinor.
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Re:What if carbon removal becomes the new Big Oil?
by fsloth on Sunday July 26, 2020 @08:12AM
(#23956510)
The edge oil companies have is that they are experts in pumping lots of stuff IN to underground. That's what fracking is. Now, just replace the fracking liquid with the transport of CO2.
Re:What if carbon removal becomes the new Big Oil?
by mattbk1 on Sunday July 26, 2020 @09:45AM
(#23957004)
Slightly different because frack fluid is a liquid slurry at surface conditions and CO2 is gas that needs to be compressed into a supercritical state. Your point stands that oil and gas (and surrounding industry) engineers know what they're doing when dealing with the subsurface.