One point that needs to be discussed more is the fact they pump the sequestered carbon into fracked, dried up oil wells which in turn pushes oil to the surface making it a viable oil well once again. Summit Carbon solutions will sell "their" sequestered carbon to oil producers and make a massive profit. Doyle touched on it but it needs to be front and center with all the other main points. I know this because a oil producer from Canada told it to my face as we were discussing this pipeline a year ago. This particular Canadian gentleman hopes it goes through because he can take a 0 barrel a day well and turn it into a 1000barrel a day through that process of pumping it into the well. There was one green sheet issue that touch on this same point as well. I say if they wanna use tax dollars to build that pipeline then theyll give the tax payers 15% of every dollar they make from selling sequestered carbon to the oil industry.
One point that needs to be discussed more is the fact they pump the sequestered carbon into fracked, dried up oil wells which in turn pushes oil to the surface making it a viable oil well once again. Summit Carbon solutions will sell "their" sequestered carbon to oil producers and make a massive profit. Doyle touched on it but it needs to be front and center with all the other main points. I know this because a oil producer from Canada told it to my face as we were discussing this pipeline a year ago. This particular Canadian gentleman hopes it goes through because he can take a 0 barrel a day well and turn it into a 1000barrel a day through that process of pumping it into the well. There was one green sheet issue that touch on this same point as well. I say if they wanna use tax dollars to build that pipeline then theyll give the tax payers 15% of every dollar they make from selling sequestered carbon to the oil industry.