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Tuesday, October 20, 2026Updated 01:23 UTC

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New Oil Fields Should Have to Build the Carbon Storage Market

Source: OilPrice.com · Oct 19, 2026 20:00 UTC

Aerial view of refinery storage tanks near Houston on the Gulf coast — File photo Carol M. Highsmith / Library of Congress · Public domain · Source

The Quick Take

The debate over new oil and gas fields usually ends in a familiar deadlock. Industry argues that production will still be needed for decades, supports jobs and reduces dependence on imports. Climate campaigners respond that every new field locks in emissions incompatible with net zero. Both sides then discuss carbon capture and storage as an afterthought: either a technological excuse for continue

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