CO2EnhancedOilRecovery.PDFVIP

CO Enhanced Oil Recovery 2 Institute for 21st Century Energy | Institute for 21st Century Energy | U.S. Chamber of Commerce U.S. Chamber of Commerce The mission of the U.S. Chamber of Commerce’s Institute for 21st Century Energy is to unify policymakers, regulators, business leaders, and the American public behind a common sense energy strategy to help keep America secure, prosperous, and clean. Through policy development, education, and advocacy, the Institute is building support for meaningful action at the local, state, national, and international levels. The U.S. Chamber of Commerce is the world’s largest business federation representing the interests of more than 3 million businesses of all sizes, sectors, and regions, as well as state and local chambers and industry associations. CO Enhanced Oil Recovery | 1 2 CO Enhanced Oil Recovery 2 EXECUTIVE SUMMARY Energy, particularly the products that come from crude increase the production of oil from existing oil fields. oil, is an every day part of our lives. From the direct While CO EOR is already an important component 2 use of gasoline to fuel transportation to the obvious of today’s oil production, it has great potential to items such as medicines, plastics, and other materials expand production. An analysis commissioned by that people use daily, oil fuels our economy. Yet most the U.S. Department of Energy (DOE) projects Americans have little understanding of where oil potential oil resources recoverable with CO2 EOR originates and share a common mis