Americans should understand the goal of the oil and gas industry: drill, extract, and burn all the oil and gas resources it can acquire. The business plan is to burn it all.
Oversight Failures in the Section 45Q Tax Credit for Enhanced Oil Recovery
CO2-EOR presents risks to groundwater, the surface environment, and the health of communities living near oil fields.
Enhanced oil recovery (EOR) is the most common oil recovery practice in the U.S., accounting for an estimated 60% of domestic crude oil production. EOR involves the injection of fluids underground to increase the flow of oil and gas to the surface. Despite its prevalence, EOR is largely unknown to the public, poses threats to groundwater, and lacks adequate oversight from state and federal regulators.
Comments: SAB Panel Review of the Draft Assessment of Impacts of Hydraulic Fracturing on Drinking Water
Once again the SAB Panel deserves considerable praise for the way it has conducted the review of this “highly influential” document over these past several months.