NRG Energy (NYSE:NRG) Gets $154 Million for Carbon Dioxide Capture System

NRG Energy Gets $154 Million from Taxpayers

NRG Energy (NYSE:NRG) was awarded $154 million in taxpayer dollars for the purpose of installing a carbon dioxide capture system from a power plant powered by coal.

The carbon dioxide is used at older oil fields which have usually been abandoned by their former users. Carbon dioxide is used to capture much of the remaining oil, which in many cases can be substantial.

Of course NRG Energy should be paying for this themselves if they believe in it so much and it's economically feasible, but for taxpayers to foot the bill is ridiculous.

Too bad the company associated itself with the climate-change hoax which has been completely debunked as scientists have been found be be falsifying data which had allegedly proved the climate was warming, when indeed it hasn't been for years.

My problem with this is why should a private company receive taxpayers' money in order to install a system which they will then sell the carbon dioxide to?

Also, NRG CEO David Crain needs to keep up with the news and the ongoing exposure of climate-change as a hoax. He said in a statement that the "Development and deployment of these carbon capture technologies at scale, not only in the United States but also worldwide as well, is essential if we are to meet successfully the challenge of global climate change."

Now you know David, there is no climate change, so you can rest and be at peace as you defend grabbing $154 million in money from the taxpayers of America to battle a non-existent problem.

Crane has been in bed with Congress for some time, having testified before the House and the Senate and having a major influence on legislation. We can see how he has now been handsomely rewarded for his efforts.

Denbury Resources (NYSE: DNR): Used Oil Fields

Denbury Resources Making Money from Abandoned Oil Fields

Denbury Resources (NYSE: DNR) is an interesting oil play because they make money from oil in a very different way than most of their energy counterparts.

What Denbury does is buy up abandoned or used oil fields which no longer profitably produced for their original owners, and tap into the oil left for a profit.

The reason this works is they take carbon dioxide and inject into the wells which increases the output.

The competitive advantage Denbury has is it has a source of inexpensive carbon dioxide which allows them to produce the oil at a far less expensive price than most, if not all, of their competitors. They also have significant carbon dioxide reserves to work with.

Costs to extract the oil is estimated to be about $5 to $10 a barrel, making it a great operational and cost-efficient process for them. That means their profits will be higher over the long haul.

Denbury should be considered a long-term play, and it should pay off for those investors in oil with that type of outlook.

Denbury Resources Making Money from Abandoned Oil Fields