Remember the 30-second sound bite:
- Saudi Arabia: 10 million bopd
- Russia: 10 million bopd
- US: 9 million bopd (or 10 million bopd)
- Canada: 3 million bopd
- Bakken: 0.6 million bopd
Now this news:
US could increase production by 3.5 million bopd for 40 years
- How: from CO2 EOR; CO2 from US coal
- Who says: Obama administration
The lede at Rigzone.com:
A new study found that CO2 capture and utilization at existing and
new coal-fired power plants and coal-to-liquids facilities could boost
U.S. oil production by more than 3.5 million barrels per day for more
than 40 years.
The study, prepared for U.S. Energy Secretary Steven Chu by the
National Coal Council, features input from 60 energy experts in
coordination with the National Petroleum Council. The focus is enhanced
oil recovery, or EOR, which has increased U.S. oil production for
almost half a century, the NCC said.
When the US is currently producing 9 million bopd, another 3.5 million bopd on top of that is pretty impressive.
