Wow, That is really interesting searching the Emergency Economic Stabilization Act PDF file for carbon.
We have been sold a bill of goods for carbon sequestration.
I had no idea there was a provision providing $20.00 per metric ton for “carbon dioxide sequestration credit”
Also provides $10.00 for terciary sequestraton for the oil industry when they reinject CO2 into wells to retain pressure.
A molecule of heptane (primary component of gasoline) has seven carbon atoms (net 84 g/mol) and sixteen hydrogen atoms (net 16g/mol) implying a total molecular weight of 100g/mol. When burned, it produces seven molecules of CO2, with a molecular weight of 44g/mol each, or 308 g/mol total. Thus, burning one kilogram of gasoline produces 3.08kg of CO2. Gasoline has a density of about 2.84kg/gallon. Burning one gallon of gasoline will thus yield 8.75kg of CO2. An extra $0.175/gallon tax, courtesy of the U.N.