Word: bbl
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...same time, Ford made a conciliatory gesture aimed at keeping alive negotiations between the Administration and Congress. He agreed to put off for up to a month a doubling of the $1-per-bbl. tariff on imported oil that he imposed in February. But that is the less important of the two administrative actions that the President has been considering; the lifting of price controls on domestic oil would ultimately be far more costly to consumers...
...buyers' pockets; prices in many cases reached levels that did not seem justified by even the rapid run-up in quotes for Middle Eastern crude. Boston-based New England Power Co., for example, was so desperate for fuel in January 1974 that it paid $23.75 per bbl. for 127,479 bbl., when the going price to other utilities was only $12.05. At about the same time, the Los Angeles Department of Water and Power paid $25 per bbl. for 150,000 bbl. bought from a New York oil broker...
...energy production in 1985 and 30% by 2000, v. 2% now. By 1985, ERDA officials project, about 250 nuclear plants will be operating. The 200 new plants planned between now and then will be the equivalent of oil-fired generating plants that consume about 5 million bbl. of oil daily...
...addition to these major areas, the Government is pressing ahead on several other research fronts. Oil from shale in Colorado, Wyoming and Utah could supply U.S. needs well into the next century. But processing costs could reach $16 per bbl., well above the current world price of $11. Still, a promising recovery technique is underground processing; fires are set beneath the surface, sweating the oil from the shale so that it can be pumped out. ERDA wants $7.7 million for research into this technique in fiscal '76, up 108% from this year...
...starting at least 30 research projects, from measuring wind movement in various U.S. regions to seeing how wind can be used to dry crops. In all, ERDA would like to spend $11.5 million on wind projects next year. Under accelerated development programs, wind energy could save 800,000 bbl. of oil daily by 1985, almost 8 million bbl...