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Occidental will make money off of Cap and trade. So is it now ok with you?
http://fossil.energy.gov/pr...
CO2 injection is one of the most important parts of the Cap and Trade bill. With this CO2 injection. Dead oil formations will come to life. Occidental petroleum has a large number of people employed her in Kern county doing this very thing.
Drillers in the Bakken formation have been working with CO2 injection for a number of years.
North Dakota has one of the largest reserves of coal in North America. The idea is to capture carbon from coal electrical generation units. Then trade that carbon to drillers who will use it to extract petroleum products. The drillers will either get discounted electricity or cash in exchange.
Most objectives don’t look as stupid as you think, when you are no longer ignorant of the plan.
CO2 injection. In other words cap and trade will in fact make petroleum products cheaper.
When...
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