Friday, May 1, 2009

The Green Vultures are Circling!

Google ads in my email program delivered an ad for Green Chip Stocks. com - along with their sales letter about how Carbon Capture and Sequestration (CCS) is going to allow the coal industry and others to make "a killing" -

In their own words ...........

"Make no mistake... The world is on the cusp of a new energy transformation.

Sweeping renewable energy technologies have been deployed in recent years, stemming from concern about climate change and energy security.

But for all the investment dollars and media headlines garnered by the renewable energy industry, those technologies still account for less than 2% of worldwide electricity consumption.

Coal, in fact, still generates about 40% of the world's electricity--and will continue to do so in the near future.

However, there is a solution to noxious greenhouse gases and atmospheric concerns.

And it comes in the form of carbon capture and storage (CCS) technologies. It's now possible--using various technologies--to harness the caustic fumes being churned out by coal plants around the globe.

Once captured, the gases are then stored underground, or are used for other purposes.

Soon, these technologies will be installed on every coal plant--both new and old--in order to comply with increasingly stringent regulations.

You see, the companies that possess CCS technology are going to make a killing... because there will be a mandated market for their product!"

Interesting choice of words............"killing"......because those who invest in CCS are, in my opinion, investing in the coal industry continuing to pollute our environment by releasing "caustic fumes" into the air - resulting in needless deaths each year.....and a plethora of health issues. Click here for the article

I don't know how anyone could invest in a "technology" that knowingly is not in the best interest of your fellow man - the poor suffer the largest risk, as always. We must speak for those who can not.....for there, but for the grace of God, go us.

West Pearl Queen, NM CO2 Problems there

From -

"Carbon dioxide (CO2) sequestration in geological formations is the most direct carbon management strategy for reducing anthropogenic CO2 emissions into the atmosphere and will likely be needed for continuation of the global fossil-fuel–based economy. Storage of CO2 into depleted oil reservoirs may prove to be both cost effective and environmentally safe. However, injection of CO2 into oil reservoirs is a complex issue, spanning a wide range of scientific, technological, economic, safety, and regulatory issues. Detailed studies about the long-term impact of CO2 on the host reservoir are necessary before this technology can be deployed. This article provides an overview of a U.S. Department of Energy–sponsored project that examines CO2 sequestration in a depleted oil reservoir. The main objectives of the project are (1) to characterize the oil reservoir and its sequestration capacity; (2) to better understand CO2 sequestration-related processes; and (3) to predict and monitor the migration and ultimate fate of CO2 after injection into a depleted sandstone oil reservoir. The project is focused around a field test that involved the injection of approximately 2090 tons (2.09 million kg) of CO2 into a depleted sandstone reservoir at the West Pearl Queen field in southeastern New Mexico. Geophysical monitoring surveys, laboratory experiments, and numerical simulations were performed in support of the field experiment. Results show that the response of the West Pearl Queen reservoir during the field experiment was significantly different than predicted response based on the preinjection characterization data. Furthermore, results from a 19-month bench-scale experiments of CO2 interaction with the Queen sand were not able to be fully reproduced using the latest numerical modeling algorithms, suggesting that the current models are not capturing important geochemical interactions."

Read the entire article here