FDR kin seeks to use CO2 injections in Texas field

05/6/2013 | Bloomberg

A grandson of President Franklin Roosevelt seeks to apply carbon dioxide-enhanced oil recovery to get at about 437 million barrels of oil in an area in the Permian Basin in Texas that was abandoned years ago by drillers. There is a 90% chance that Elliot Roosevelt will recover that amount of oil or more, according to estimates from Ryder Scott. "I hope other people replicate his model and take much more [carbon] out of the atmosphere than would otherwise happen," said John Thompson, director of the Fossil Transition Project for the Clean Air Task Force.

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