WTI Steady At $110; North Dakota Rigs Steady At 39 -- May 23, 2022

WTI: $110.40. Pretty much unchanged since last week.

Active rigs: 39 or thereabouts.

RBN Energy: an honest look at direct air capture's promise and pitfalls, part 9. Yawn. Popular Mechanics stuff. 

At the most basic level, carbon-capture technology is not new, but it has attracted a lot more attention in recent years amid discussions about how best to transition to a net-zero world by 2050. Efforts to ramp up carbon capture have faced a number of hurdles, however, including the difficulty in capturing some emissions at the point where they’re generated. That’s where direct air capture (DAC) — which essentially works as a large-scale air filter and can be located just about anywhere — comes into play. In today’s RBN blog, we take a closer look at the still-emerging technology and its limitations, a project in Iceland that is the largest currently in operation, and plans by Occidental Petroleum to make Texas home to the world’s largest DAC facility.