Fact Sheet

Tapping into Stranded Domestic Oil: Enhanced Oil Recovery with Carbon Dioxide Is a Win-Win-Win

George Peridas (Alum)

The country has a significant, untapped win-win-win opportunity to stimulate our economy and reduce our dependence on imported oil while actually helping to protect wild places and reduce global warming pollution: a process known as carbon dioxide enhanced oil recovery (CO2-EOR). According to industry research CO2-EOR would give America access to large, domestic oil resources -- potentially more than four times the proven U.S. reserves, or up to 10 full years of our total national consumption. But without the stimulus of climate protection legislation, CO2 for oil recovery is likely to remain in short supply and most of this domestic oil resource will stay in the ground.

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