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Sinopec's (SNP) plan to invest up to $1B in a Texas clean coal project could be a precursor to a...

Sinopec's (SNP) plan to invest up to $1B in a Texas clean coal project could be a precursor to a purchase of Chesapeake's (CHK) Permian Basin oil fields, Christopher Helman speculates. The project aims to capture CO2 emissions from coal, then inject it into old oil fields to coax out more crude; Helman thinks SNP could be securing a long-term CO2 supply before announcing a CHK deal.
Comments (2)
  • Wea really stuck up by not approving the pipeline from Canadian oil. So, China steps in. Now, are going to let China buy Texas oil? We
    are now selling our country and it's natural resources to a country
    that is hell bent on destroying our economy.
    Get Obuma and this congress out!!!!!!
    15 Aug 2012, 05:15 PM Reply Like
  • Be it China, Exxon, Chevron, Ect. This the United States of American and the last time I look, It is call the American Way(Capitalist Society). If people don't like the system move to North Korea or one of the Middle East Countries and let me how you like it there.

     

    Have A Nice Day!
    16 Aug 2012, 03:01 AM Reply Like
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