COSTLY?
A United Nations report in September said that burying large amounts of carbon dioxide could play a big role in fighting global warming, but would be a costly fix.
Electricity prices could typically rise by 25 to 80 percent if power plant operators adopted the technology, according the report by the UN's Intergovernmental Panel on Climate Change.
We need to get rid of our oil dependance as soon as possible, not postpone it's production peak by a few years.
This method of CO2 injection will only make oil more expensive. A typical oil well is only drained for 50 or 60% (if I'm not mistaken). Good quality, light oil always flows on top. Older oil fields only produce thicker and soarer oil, which is more difficult to extract, and more expensive to refine. Very thick oil is only good for making asphalt/tarmac, many refineries can't even handle it, so a huge investment is needed in refineries as well.
So again, its much better to invest in alternatives.
[edit on 3-6-2006 by Zion Mainframe]

