Word: bbl
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...dismay of most participants, during the hypothetical crisis the U.S. Energy Department did not move to control supplies or limit the price of oil. As a result, U.S. oil prices zoomed to a theoretical $98 per bbl., with gasoline priced at $2.83 per gal. As Wisconsin Energy Administrator Roy Christiansen recalls: "The Feds didn't seem to be concerned, or want to deal with it." During the game, Wisconsin energy officials telexed Washington: "We hope it will not take the economic collapse of one of these cities . . . before the Administration realizes that its [noninterventionist] policies have failed and must...
...second study, completed in March by the Congressional Research Service, confirmed that the "ceiling" could go as high as $130 per bbl. in a crisis. If one had erupted in 1982, the study concluded, the gross national product of Western nations would have dipped by an additional...
...most serious charges against Rich and Green in last week's indictment is that during the hostage crisis in Iran they bought 6.2 million bbl. of crude worth $200 million from the National Iranian...
...buying and selling grains and metals. One of his biggest market coups came during the Arab oil embargo of 1973-74, when he used his Middle Eastern contacts to circumvent the embargo and buy crude oil from Iran and Iraq. After purchasing the crude for roughly $12 per bbl. Rich doubled the price and sold it to supply-starved U.S. oil companies. Successes like that inflated Rich's already ample ego, and in 1974 he and Co-Worker Green set up their own company...
...Texas firms, West Texas Marketing of Abilene and Listo Petroleum of Houston, carried out an oil-laundering and profit-hiding scheme. In the first step of the process, Rich allegedly went to domestic producers and bought crude oil that had Government-controlled prices as low as $5 per bbl. Rich then supplied the oil to the Texas firms at the legal price. The Texas companies, according to federal officials, laundered the crude through a series of purchases so that it was difficult for Government regulators to trace the oil's origin. Then the Texans sold it back to Marc...