The best way to 'capture' carbon from oil is to leave it in the ground. We produce plenty of oil now. I agree with O on getting rid of incentives to burn stuff for energy including tax breaks for non-struggling oil companies.
There is shortage of oil right now. The price is up because Opec has decided it is so. We should save our oil for a rainy day, for when we actually need it. Leave it in the ground where it will be there for us in the future. Who knows, we may someday be able to export oil to the Middle East.
Obama would like to see more drilling:
http://www.nytimes.com/2011/05/15/us/politics/15address.html?_r=1
Drilling won't lower gas prices:
http://www.huffingtonpost.com/2011/05/06/more-us-oil-drilling-wont-help-gas-prices_n_858473.html
I would add that Opec controls prices by increasing or decreasing their output. We don't have a say.
Let's get back to focussing on green energy solutions. Investing in a home grown green industry creates jobs, cleans our air, and enhances our security and reduces payments to governments that mean to do us harm.
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