BasketCase
Username sez it all
Go look up the FACE studies on the Internet.The thing is, photosynthese and oceanic absorbsion are limitted.
(Short description: an extensive series of outdoor tests which use gas aerators to spray increased levels of carbon dioxide over a wide area of test plants. Carbon dioxide levels, water absorption rates, and a host of other such factors are all monitored closely throughout)
Those studies have shown that (frequently, but not always) increased CO2 causes a plant to grow more mass--with the same amounts of water and trace minerals. The amount of sunlight obviously remains constant during the tests because they're outdoor tests.
The FACE studies aren't a sure thing, but they suggest that a plant can in fact increase its absorption of CO2 considerably within the same space.