A recent paper by Economides, et al.
http://twodoctors.org/manual/economides.pdf concluded that geological storage of CO2 is a "profoundly non-feasible option for the management of CO2 emissions." The reason: "the volume of liquid or supercritical CO2 to be disposed of cannot exceed more than about 1% of pore space." Anyone have a problem with that?
If the Economides paper is right, the reservoir capacity estimations are off by a factor of 5-20. Trying to cram more CO2 into the reservoir according to inaccurate estimations would lead to its going somewhere else, perhaps to fatally erupt on our grandchildren as at Lake Nyos. Public resistance to carbon dumpsites is increasing over reasonable concerns over containment. See the discouraging GAO report on CCS:
http://www.gao.gov/products/GAO-08-1080 And the Deepwater Horizon disaster in the Gulf of Mexico has probably destroyed public trust in sequestration forever. Look at what is happening at what was supposed to be the site of the FutureGen project, now designated a carbon dumpsite, at Mattoon, Illinois.
Public subsidy of enhanced oil recovery (EOR) for the oil companies, in the guise of fighting climate change, looks more and more like corporate welfare. Its continuance looks unlikely, despite the recent desperate surge of sequestration demonstration projects. Instead of doubling down on a doomed scheme, and ignoring reality just to spend stimulus money somehow, why not punt sequestration right now?