Word: bbl
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Khomeini-backed government of Prime Minister Mehdi Bazargan has made little progress in solving Iran's major economic problems. The partial resumption of oil production (currently about 3.8 million bbl. per day) and new limitations on imports will boost Iran's foreign exchange reserves from $10.3 billion in January to more than $19 billion by year's end. But roughly 35% of the work force is still unemployed, construction is at a standstill, prices of staple foods are spiraling, and most government agencies are paralyzed by inactivity...
...looked once again as if the world's most powerful nation-and premier petro-pig-was trying to push its energy agonies off on its allies. At issue was the Carter Administration's quiet announcement three weeks ago of a "temporary" U.S. subsidy of $5 per bbl. on imported diesel oil for trucks and tractors and heating oil for homes, factories and office buildings...
...subsidy is destined to set off a whole new surge in the price of the fuel, which in some parts of the U.S. has jumped by more than 30% since last autumn. When news of the subsidy reached Rotterdam, dealers marked up their quoted prices $5 to $6 per bbl. A $60-million shipment of heating oil from the Caribbean to Rotterdam actually jumped $10 million in value during the week as nervous traders on both sides of the Atlantic bid against each other to acquire the precious cargo before the ship reached port...
...OPEC, leads the world in coal-to-oil technology. Converting coal since the 1950s, South Africa now produces 10% of its oil and gas from coal. The Pretoria government has commissioned Fluor Corp. to build two new plants for $6.7 billion that will produce more than 80,000 bbl. of oil per day by 1983. The process requires 1 ton of coal for 1 bbl. of oil. South Africa keeps cost figures secret, but outside estimates of close to $30 per bbl. make conversion only a longterm, expensive solution to U.S. energy needs. However, a small test plant has been...
...restoration of "low head" dams (less than 65 ft. high) to supply power to local communities and industries. The New England Congressional Caucus, a group of the area's federal representatives, puts the potential regional saving from new dams at up to 19 million bbl. of oil a year, or as much as the U.S. uses...