Word: could
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...Saudi shocker, and it could not have come at a more anxious moment. Four days before the 13 member nations of the Organization of Petroleum Exporting Countries were to sit down in Caracas for their fourth price-raising session in a year, the cartel's biggest producer took preventive action. In a surprise announcement that whipped the money markets into a frenzy and sent gold leaping to yet another alltime high of $462 per oz., the desert kingdom of the House of Saud, long regarded as the quintessential OPEC moderate, announced one of the biggest increases in the cartel...
...bill has risen 900%, and now eats up half of all earnings from the country's exports. Complains Rodrigo Carazo, President of Costa Rica: "Our 1972 oil needs cost $11.8 million. Our 1979 needs will cost at least $103 million. The barrel of oil that we could buy in exchange for 57 Ibs. of bananas or 3 Ibs. of coffee in 1972 now costs us 440 Ibs. of bananas or 24 Ibs. of coffee...
Estimates of how much oil could be tapped off Alaska's entire outer continental shelf (OCS), including the Beaufort Sea, range up to 25 billion bbl., or nearly three times the reserves in Alaska's Prudhoe Bay field. Some oilmen believe that with a big development effort, Alaska's OCS could eventually produce 4 million bbl. a day, or enough to replace half of the nation's present oil imports. The Canadians, who have been drilling in their sector of the Beaufort Sea for two years, are very bullish on it: this fall Dome Petroleum...
...Socal divulged to the Justice Department, in its ongoing anti-trust investigation of the oil industry, that Aramco had little spare capacity. That statement helped to undercut Saudi influence over cartel price policy. On the eve of the Caracas gathering last week, Saudi officials proclaimed that the country could boost output almost immediately, perhaps to a hefty 11 million bbl. Meanwhile, the Saudi government is punishing Socal and Exxon for their indiscretion; Aramco is under orders to cut back deliveries to those two parent companies...
...Beaufort Sea sector to be opened to exploration. Offers by the companies totaled $2 billion for some 500,000 acres of tracts, but when the leases will be awarded is uncertain. Just four days before, a federal judge had ruled that the lease sale could not be completed until the courts resolved an environmental suit brought by the National Wildlife Federation and other groups calling for a ban on Beaufort Sea drilling so as to avoid possible harm to, among other things, the bowhead whale...