Word: bbl
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...bushed candidate is more prone to mistakes and misstatements. Usually the bungles are minor. When Mondale was asked in Pennsylvania about Hart's proposal for a $ 10-per-bbl. tax on imported oil, he rambled numbly, "It's a question of, ah ... ah ..." He stopped. "I can't think of the name. I'm getting a little tired. I'll get back to it." Yet Mondale, who is rather too buttoned down in public, sometimes loosens up when he is fatigued. Campaigning hi upstate New York, he joked that as Vice President he had channeled...
Unlike the public bidding that preceded the Gulf deal, the grab for Superior was made in great secrecy. Using pseudonyms, Mobil President William Tavoulareas traveled to Texas earlier this month to make final arrangements. The merger looks very good for Mobil, which will be paying just under $6 per bbl. for Superior's 1 billion bbl. of oil and liquid natural gas reserves, vs. average exploration costs of $14 per bbl...
...Exxon (1983 revenues: $94.6 billion) and Mobil (1983 revenues: $58.5 billion), A completed deal would also make Socal the largest U.S. gasoline retailer, with 10.2% of the market and stations in every state but Wisconsin and North Dakota. Most important, Socal will have gained control of Gulfs 1.9 billion bbl. of worldwide proven oil reserves, including a vital 723 million...
...countries that would be most affected by the closing of the strait is Iran, which currently exports 2.6 billion bbl. of oil per day through the waterway...
With its 725 million bbl. of proven and probable reserves in the continental U.S., Gulf is a particularly rich prize. But fending off Pickens for the past six months has taken its toll in employee morale. Says one insider: "There is a great deal of uncertainty, and with uncertainty has come concern...