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Strongly recommend to watch a couple of videos by Thunderf00t on the matter. Easy to find on YouTube.
He doesn't say its impossible, just more expensive than not extracting the oil.
He says it makes no sense to do it, because not only are you basically using twice the energy to get it back down, often using energy made from fossil fuels to begin with, you then also have to tackle storage and that's nearly impossible at the scale we need to take it out of the atmosphere. Any use case, such as green houses and whatnot don't help, because they put the CO2 straight back into the atmosphere with a bit of a delay, same with trees.
Which makes it a futile exercise. It's basically gold plated HDMI cables. Sure it works, but it makes no sense whatsoever, because it doesn't do what it claims to do.
While it appears he actually has credentials related to this topic I would be way of promoting him in particular. Giving more light to someone who was so deeply entrenched in the gamergate harassment campaigns is not a good thing. I took a quick look around and while it seems like he's stepped away from that kind of commentary I haven't seen any acknowledgement of what he did.
What does "gamergate harassment" mean? He's got an opinion channel and so, regardless of his credentials, one should not take his word (or anyone's) as gospel. Opinion channels are exactly what they are for, opinions. He does do a good job though at basing his opinions on science facts and shares sources for the evidence he presents on his videos. Him and Evvblog channel are high up there with those pointing out the flase science claims and tech scammers of today, imo.
By "gamergate harassment" I mean the campaign of criticism and harassment that was primarily focused on several prominent women in the gaming/media industry from about 2014-2015. Thunderf00t was particularly focused on Anita Sarkeesian, making dozens of videos about her and bringing her up frequently in unrelated videos over the course of multiple years. He helped create a climate where people felt the need to threaten and doxx others because they were feminists and "SJWs".
I certainly agree with your view of opinion channels, take everything with a grain of salt unless it has a source. Even then, make sure the source is legitimate and not manipulated before assuming it is correct. I do not mean to say he is wrong about everything, just to apply some extra skepticism to his opinions and ideas. Particularly when it comes to stuff outside the scientific sphere.
hbomberguy made a good video about some of the stuff he closer to when it was happening. It is primarially focused on Thunderf00t's reactions to the Ghostbusters trailer, but it does go a bit into the gamergate stuff. It gives a good idea as to what kind of videos he made on gamergate. It's largely opinions though, so be sure to approach it critically as well.
https://www.youtube.com/watch?v=SpgBkpb7xlU
Sure thing and thanks for the follow up comment! =)