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The biggest problem with carbon sequestration is that there's no money in it, and noone will touch it until then. By the time any sort of energy market will respond to that, it will be far too late. My employer's thrown billions of dollars at alternative energy research and our CEO has directly said that the economics of climate change basically ensures that the externalities of anthropogenic climate change will gently caress the planet up beyond belief before there is any kind of market-based solution. If we spent the money we dumped on the post-9/11 war on terror or whatever on some sort of Manhattan project to reduce carbon emissions through a huge portfolio of wind/biomass/geothermal/whatever we might have been able to stay under that 2C limit, but we didn't. Edit: That being said, those enzymatic pathways for CCS sound loving awesome, even if you do have to make them work at 80-100C, I do that all the time at work Bastard Tetris fucked around with this message at 07:36 on Dec 7, 2011 |
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Dec 7, 2011 07:25
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-Troika- posted:"The technology to do this works in labs" is not the same thing as "there are factories built to produce this stuff, and also distribution networks in place to make use of it". Give it five years. The economic crash of 2008 was a big setback, a lot of the DoE loan guarantees fell through. But there's a pretty good deal of plants set for construction to break ground either this year or next, and the technology involved now is light-years beyond what we were working on in 2006. By then it will most likely be directly competitive with crude if RFS2 and Oil production credits stay at their current levels. Bastard Tetris fucked around with this message at 04:45 on Jul 11, 2012 |
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Jul 11, 2012 04:38
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That's the lovely part- my living room will underwater if those fields get exploited fully.
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Jul 11, 2012 06:09
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That's very true- our top execs are saying things like "$80/bbl is a nice sustainable price point for us because when it bumps over $100 the economy goes to poo poo". Which is another reason we're not all that concerned about competition from natural gas.
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Jul 11, 2012 06:45
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Production hasn't gone up too much, but demand from emerging nations is skyrocketing- if you look at any of the world energy forecasts from any supermajor, you'll see that China and SE Asia are going to start using a shitload more energy for transportation. I know a lot of work is going into enhancing oil recovery from existing wells, since drilling new ones is getting more and more difficult. Deepwater drilling is amazingly expensive, especially when 20k+ PSI conditions are involved.
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Jul 11, 2012 07:07
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TheFuglyStik posted:hydraulic fracturing We're researching much more exotic stuff than that for EOR, but it feels like the point where we are expending more resources trying to squeeze an extra billion boe out of the earth than it's worth is rapidly approaching. Unfortunately we frequently can operate past that point, even though we shouldn't.
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Jul 11, 2012 08:12
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