Exxon proposes federally-funded $100B carbon capture facility on Texas Gulf Coast

Those who have heard of EOR (Enhanced Oil recovery) might know that CO2 is used as an agent to decrease viscosity in liquids. Decreased viscosity makes oil flow better and hence enhances recovery from an oil field. But so far, oil companies had to buy CO2 expensively to do that so there was always a balance of cost-reward. Now Exxon makes the government pay for the CO2 which makes the agent a free commodity ultimately enhancing oil production. Using green policies to enhance oil – that’s a masterstroke.

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