MIT engineers make converting CO2 into useful products more practical

The writer appears to be under the impression that CO2 is not a valuable commodity.

In fact, it is, so long as it's under enough pressure, and in the right place. In Montezuma County, Colorado, sits the McElmo dome, an ancient underground CO2 well. They pump it out, down a 500 mile pipeline, to Denver City, Texas, where it gooses oil wells into pumping more crude out. Other than making more oil and making it cheaper, not really much in terms of greenhouse gas contributions- the CO2 starts underground and ends up underground.

Kinder Morgan won't just let you back up your truck and buy some (it's already spoken for), and even if they would, they'd expect you to pay a pretty penny for what we widely consider to be waste gas.

I think MIT is doing some good work. Just wanted everyone to be mindful of the massive scale under which CO2 is already getting bought and sold.

The application you mention does not rely on the gas being co2 at all. The gas is being used because it is in a high pressure reservoir. It could by any gas. The C02 itself is literally free because it is literally in the atmosphere all around us.

Pressure is only part of the equation. The pressure gets it to the field economically and does boos reservoir pressure, but co2 injection has more to do with miscibility with hydrocarbons at relatively low pressures. Miscibility yields viscosity reduction and swells the oil to improve displacement and mobility, particularly in heavier crude. Couple that with pressure and you can dramatically improve recovery factor.

That sounds like a lot of it ends bound to, and thus comes up with, the oil/crude.