Word: barreling
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
They were wrong. In raising the per-barrel price to $6.90 in January, the Soviets placed self-interest above one of Communism's cherished tenets: social priorities, not market forces, should determine prices. Though the Soviet Union is the world's leading oil producer (averaging 9 million bbl. per day last year, v. 8.5 million for Saudi Arabia), domestic and Eastern European demand will outstrip output by 1980. The Soviet Union and its Comecon partners are already importing small quantities of high-priced Middle Eastern oil, mainly from Iraq, Iran and Libya. Hence the Soviets...
...cast, in its entirety, consists of Joe Masiell, who sounds, as convention demands, as if he were chanting from the bottom of a rain barrel; Mort Schuman, who comes on tousled and puppyish and is presumably available for comic relief; and Elly Stone. Miss Stone is what Variety might call a diminutive thrush. She is at pains to assure us, however, that she is mighty of spirit. In every song she gives it all she's got. In her case, this amounts to two wide eyes, a loud voice and a battery of emotional gestures that range from wringing...
...public has been the longstanding discouragement of the production of oil from coal. The government and the industry have sponsored several small liquefaction plants but have warned that no commercial liquefaction of coal will be possible before the early 1980s. The Interior Department has estimated that a $2 per barrel subsidy may be necessary to encourage the reproduction of synthetic petroleum...
This imported technology supplemented American liquefaction projects which by 1926 had proved the feasibility of producing coal from oil. In fact, early Bureau of Mines tests in commercial scale plants at Rifle, Colorado, showed that oil could be made from coal at no cost per barrel when produced in series with a steam-generated electric power plant, using its excess steam to produce gasoline, a smokeless solid fuel, and liquid fuels worth more than the cost of the raw coal itself...
...from shale. In extracting shale oil the companies are determined to distill the shale above ground, instead of underground, which is the cheaper and less environmentally--destructive method. Technologists in the Bureau of Mines have estimated that shale oil can be distilled underground for less than a dollar a barrel, but, in the words of one Justice Department lawyer, "The world oil cartel fears that the cheap production of oil from coal, or shale oil distilled underground, might bring about a reduction in price...