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Started By
Message
re: Occidental Makes a Billion-Dollar Climate Moonshot—So It Can Keep Pumping Oil
Posted on 4/11/23 at 9:27 pm to fr33manator
Posted on 4/11/23 at 9:27 pm to fr33manator
quote:
I want to make a parallel to the Church selling indulgences here...
That’s a great analogy
0
Posted on 4/11/23 at 9:44 pm to ragincajun03
GRAPHENE
Posted on 4/11/23 at 9:46 pm to SquatchDawg
The company I work for transports naturally occurring CO2 from Colorado and New Mexico via pipe over to the Permian Basin and flood old fields that the majors have moved on from.
We get about 50,000 BBLS/day from doing this…it’s called enhanced oil recovery.
We get about 50,000 BBLS/day from doing this…it’s called enhanced oil recovery.
This post was edited on 4/11/23 at 9:49 pm
Posted on 4/11/23 at 9:47 pm to ragincajun03
Think about the trees!
Posted on 4/11/23 at 9:54 pm to Blutarsky
Bet those fans can’t suck a golf ball through a garden hose. forever in my heart and my balls
Posted on 4/11/23 at 10:07 pm to ragincajun03
Corporate America would build a solar powered CEO butt fricking machine if it meant getting to suck on that taxpayer titty for a few billion dollars
Posted on 4/11/23 at 10:16 pm to Bjorn Cyborg
quote:
The idea that a respected company like Occidental (and Warren Buffett) would be involved is further proof that we are too far gone.
Buffet is making a financial play here, based on macro trends and who he sees in the white house for the next decade, nothing more. Incentives will continue and stocks will rise and he will rise with them.
Posted on 4/11/23 at 10:25 pm to SchiffReynolds
quote:
Buffet is making a financial play here
Banks have been doing this tax based investing for a while now. Nothing really new here. Companies don’t like paying taxes so they find these avenues to convert a tax liability into investment. It’s pretty simple.
Posted on 4/11/23 at 11:17 pm to ragincajun03
Friendly reminder that when the world shut down in 2020 because of Covid, 2 things happened.
1) The temperature in the atmosphere increased and
2) While carbon dioxide (CO2) emissions fell by 5.4% in 2020, the amount of CO2 in the atmosphere continued to grow at about the same rate as in preceding years.
Science Daily - COVID-19 lockdowns temporarily raised global temperatures, research shows
Sage Journals - Impacts on Global Temperature During the First Part of 2020 Due to the Reduction in Human Activities by COVID-19
NASA - Emissions Reduction Has Unexpected Affect
1) The temperature in the atmosphere increased and
2) While carbon dioxide (CO2) emissions fell by 5.4% in 2020, the amount of CO2 in the atmosphere continued to grow at about the same rate as in preceding years.
Science Daily - COVID-19 lockdowns temporarily raised global temperatures, research shows
Sage Journals - Impacts on Global Temperature During the First Part of 2020 Due to the Reduction in Human Activities by COVID-19
NASA - Emissions Reduction Has Unexpected Affect
Posted on 4/12/23 at 4:50 am to ragincajun03
quote:
Point-source sequestration is on its way to Louisiana. Very curious to see if this air capture stuff can work efficiently and if projects like this will also find it way to Louisiana.
It can’t. It relies on enormous amounts of power, and there is no way to innovate out of that.
Air is where CO2 is rarest. We need to go to the sources of CO2 emission, where CO2 is the densest. There, we can capture it, scrub it, and sequester it.
The answers are:
1. Nuclear power
2. Replacing oil and gas with hydrogen and ammonia
3. Solar and wind - not as the mainstay, but for 15% to 30% that can be replaced by other sources when the wind and sun aren’t cooperating.
Natural gas is a great low CO2 source of energy as a bridge to these other technologies. Oil should be used until we eliminate coal.
And if ever we can come up with sustainable, low cost energy storage, we can ramp up solar and wind.
Posted on 4/12/23 at 5:47 am to ragincajun03
Bat. shite. Crazy times we live in. This carbon sequestration grift is quite frankly amazing to watch unfold. The rest of the world must marvel at Americas stupidity and societal degradation.
Posted on 4/12/23 at 6:03 am to notiger1997
quote:
Especially when the “welfare” is helping industry pay for stupid arse government regulations/climate change initiatives
They already receive corporate welfare for climate change initiatives, at least this time those initiatives are going in the opposite direction.
Posted on 4/12/23 at 11:28 pm to Penrod
quote:Storage is coming in hot. Salvaged EV batteries and VPP are going to change the way we think about energy. We’ll watch the peak:demand ratio level out a lot on the coming years.
And if ever we can come up with sustainable, low cost energy storage, we can ramp up solar and wind.
This post was edited on 4/12/23 at 11:38 pm
Posted on 4/13/23 at 3:48 am to ragincajun03
Virtue signaling will continue to be expensive AF for oil companies in the future.
Posted on 4/13/23 at 4:03 am to ragincajun03
Even carbon capture isn’t good enough. It’s about control, not protecting the environment.
Posted on 4/13/23 at 7:23 am to loogaroo
quote:
This is a huge scam.
Yeah, the earth atmosphere with its CO2 is much larger than Oxy's fans.
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