The Energy Sector and the CO2 Boom

A changing industry – another boom and bust? This answer is very mixed. Before the drop in oil prices, there was certainly a boom within the greater hydrocarbon industry. Carbon dioxide (CO2) fracs are still few and far between in some markets, such as West Texas, and a sheer lack in Canada due to greenhouse gas regulations, but on the other hand there are some regions such as the Bakken Field in North Dakota which is said to be consuming CO2.

Enhanced oil recovery (EOR) is the greater consumer and method of recycling and sequestering CO2 available in many cases – and there are numerous successful EOR projects operating in North America…