Coal for Christmas? Obama pushes more oil production

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Construction continues at the Mississippi Power's Kemper County energy facility in central Mississippi near DeKalb, Miss. The power plant is designed to use a soft form of coal called lignite in a gasification process to generate power. The plant, America’s newest, most expensive coal-fired power plant is hailed as one of the cleanest on the planet, thanks to government-backed technology



When Obama first endorsed this ‘‘carbon-capture’’ technology the idea was that it would fight global warming by sparing the atmosphere from more greenhouse gases. It makes coal plants cleaner by burying the carbon dioxide that typically is pumped out of smokestacks.


But that green vision proved too expensive and complicated. So the administration accepted a trade-off.


To help the environment, the government allows power companies to sell the carbon dioxide to oil companies, which pump it into old oil fields to force more crude to the surface. A side benefit is that the carbon gets permanently stuck underground.


The program shows the ingenuity of the oil industry, which is using government green-energy money to subsidize oil production.


But it also showcases the environmental trade-offs Obama is willing to make, but rarely talks about, in his fight against global warming.


Companies have been injecting carbon dioxide into old oil fields for decades. But the tactic hasn’t been seen as a pollution-control strategy until recently.


Obama has spent more than $1 billion on carbon-capture projects tied to oil fields and has pledged billions more for clean coal.


Recently, the administration said it wanted to require all new coal-fired power plants to capture carbon dioxide. Four power plants in the U.S. and Canada planning to do so intend to sell their carbon waste for oil recovery.


Just last week, former Energy Secretary Steven Chu announced he was joining the board of a company developing carbon capture technology.


The unlikely marriage of coal burners and oil producers hits a political sweet spot.


It silences critics who say the administration is killing coal and discouraging oil production. It appeases environmentalists who want Obama to get tougher on coal, the largest source of carbon dioxide.


It also allows Obama to make headway on a second-term push to tackle climate change, even though energy analysts predict that few coal plants will be built in the face of low natural gas prices and Environmental Protection Agency rules that require no controls on carbon for new natural gas plants.


‘‘Enhanced oil recovery just undermines the entire logic of it,’’ said Kyle Ash of Greenpeace, one of the few environmental groups critical of the process. ‘‘They can’t have it both ways, but they want to really, really bad.’’

That has become a theme in some of Obama’s green-energy policies. To promote new, cleaner technologies, the administration has allowed companies to do things it otherwise would oppose as harmful to the environment.


For wind power, the government has shielded companies from prosecution for killing protected birds with giant turbines.


For corn-based ethanol, the administration underestimated the environmental effects of millions of new acres of corn farming. The government even failed to conduct required air and water quality studies to document its toll on the environment.



http://www.boston.com/business/tech...-production/KA7E3wpH4beAptjKTe8mjP/story.html
 
Environmentalists are angry because we're reducing our carbon footprint to increase our carbon footprint...

I like it.
 
it must really burn his ass to do something which benefits an oil company.........
Let's here from someone who says he has nobody economically literate!
He was sinking with solydra and dead birds from wind farms!
The organic fossil fuels industry has always been an economic power on steroids.
He went from "the Exxon's of the world" to taking credit for increased production he fought every step of the way.
Good politicking, not at all honest.
 
I'm all for extraction of fossil fuels by safe and environmentally sound means. I just signed an agreement to explore for oil on property we own mineral rights to in Oklahoma. I hope they find a LOT!!! ;)

They don't even have to enter the property with today's technology, but can drill horizontal test wells from adjacent properties.

Keeping my fingers crossed on this one.
 
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I'm all for extraction of fossil fuels by safe and environmentally sound means. I just signed an agreement to explore for oil on property we own mineral rights to in Oklahoma. I hope they find a LOT!!! ;)

They don't even have to enter the property with today's technology, but can drill horizontal test wells from adjacent properties.

Keeping my fingers crossed on this one.
Sweet very very dry holes these days! They know it's there, your royalty checks will roll in month after month!
 
I'm all for extraction of fossil fuels by safe and environmentally sound means. I just signed an agreement to explore for oil on property we own mineral rights to in Oklahoma. I hope they find a LOT!!! ;)

They don't even have to enter the property with today's technology, but can drill horizontal test wells from adjacent properties.

Keeping my fingers crossed on this one.

more likely to find a Cracker Barrel in San Fransisco...../grins.....
 
Sweet very very dry holes these days! They know it's there, your royalty checks will roll in month after month!

Well, seeing that two companies were vying for the rights and definitely believe there is something there, and have found oil in adjacent properties, I am thinking it will be there. The MILLION dollar question is if it will be a paltry 9 million barrels, or 900 million.

I am rooting for the 900 million. LOL
 
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