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Oil price and environment - a positive

Posted by AuntieMel on July 28, 2005, at 10:15:20

I went to a talk yesterday where we were told that the demand for energy worldwide will increase by 55% (that is it will be 1.55 times more than now) by the year 2025. Or maybe it was 2015. Point is that with the population growth in developing countries energy demands will be high.

It reminded me of something I read last week about an unexpected environmental plus from the high oil prices. Techniques that were previously too expensive now make sense.

One of the techniques is to pump CO2 into the ground to push more oil out of a declining field. This is good for the environment in two ways - it delays puching more holes in the ground - and (the big one) pushes CO2 down the hole - instead of into the air. CO2 is a main contributor to the greenhouse effect.

Here's an article I found on a recent project.

http://www.sltrib.com/utah/ci_2890649

 

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poster:AuntieMel thread:534733
URL: http://www.dr-bob.org/babble/poli/20050728/msgs/534733.html