CO2 sequestration is one of todays topics. It's possible for dry wells to be used for this purpose. These are links that address the issues associated with it.
- - 1480 - [March 27, 2013] - BloombergBusiness, Matthew Phillips - "The U.S. Has Too Much Oil and Nowhere to Put It"
- "Seven months ago the giant tanks in Cushing, Okla., the largest crude oil storage hub in North America, were three-quarters empty. After spending the last few years brimming with light, sweet crude unlocked by the shale drilling revolution, the tanks held just less than 18 million barrels by late July, down from a high of 52 million in early 2013. New pipelines to refineries along the Gulf Coast had drained Cushing of more than 30 million barrels in less than a year."