"Contrary to popular belief, CO2 isn't simply a useless pollutant; in fact, the gas is used to produce oil via a technique known as a CO2 flood," says Neil George and co-editor Elliott Gue in Personal Finance.
To invest in the trend toward increased usage of CO2 floods, the advisors look to the leader in storage and transportation of this gas, Kinder Morgan Energy Partners (NYSE: KMP), a master limited partnership (MLP).
The advisors explains that CO2 gas is already used to produce more than 200,000 barrels of oil per day in the US alone, employing the CO2 flood. This involves pumping CO2 under pressure into oilfields to squeeze additional production out of older, depleted fields.
Says George and Gue, "With oil prices above $60, there are plenty of opportunities for producers to further expand the use of CO2 floods." They add, "That's great news for companies that handle the transportation and storage of CO2 for enhanced oil production." Topping that list, the suggest, is Kinder Morgan Energy Partners, the largest transporter and marketer of CO2 in the US.
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