User:Sj/Design chats/CO2

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Project

At some point the cheapest and simplest climate remediation is premediation: keeping it in the ground, or changing it so it's not useful as fuel w/o changing back. How can we estimate costs and benefits to owning fuel deposits and [as owners] subjecting them to a large fee at the point of extraction that accounts for the full lifecycle?

Current discussions

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Ideas

Crude data

• 1 bbl crude: ~$100 to purchase (wartime, 2022), processed into 70L gasoline, 33L diesel, 15L jet fuel, 8L residual fuel oil. (~$400 total spot price)

Produces 1/3 ton CO2[1].

• 1 ton CO2: ~$50-500 for moderate cost capture + storage. Cheapest at processing plant, most expensive from air. $50 US tax credit in 2020.[2] Frontier committing $1B to orgs that hope to get to $100/t by 2040.[https://www.cnbc.com/2022/04/12/stripe-alphabet-meta-shopify-mckinsey-spur-carbon-capture-market.html

Clime.out options

• at $300/t, just buy and store crude. at $150/t, ditto during peacetime (or acquire field rights and prequester its contents).

at < $100/t, add cost to crude.

• For smaller orgs: switch sources, lower demand, reuse, limit waste, fund re-evaluation of CCS claims (to budget in risk of failure/burning/collapse). then fund CCS at producers, CCS from air, airfuel.

Challenges

• All parameters, incl. fees, contracts, and short-term vs long-term calculus, change during wars; expect a global war between now and peak climate crisis.
• In war, lots of fuel will be lost and burned simply to prevent opponents from using it. Imposing cost of non-use and climate cost.

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