Word: bbl
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...United Arab Emirates will pay no more than now; those countries, in effect, went up to the new prices in November. But buyers of crude from the other ten OPEC nations, including Iran, Kuwait and Venezuela, will pay to the governments of those nations about 38? per bbl. more, an increase of roughly 4%. The new price will remain in effect until next Sept. 30 - meaning, the producers say, that as inflation continues in consuming countries, the price of oil relative to other prices will actually come down...
...idea to keep oil prices high for consumers in the U.S. and other major oil-importing nations, even if the cartel of oil-producing countries is broken and world prices drop. The proposal is to guarantee domestic producers a price around the present $10 or $11 per bbl. for new oil pumped out, guarantee equivalent prices to investors in new energy projects such as coal gasification(thus increasing domestic energy production), and perhaps place a variable tariff on imported oil so that it would still cost U.S. industry and consumers $10 or $11 per bbl., even if the Persian Gulf...
...been hesitant about asserting its new-found strength, sometimes to the discomfiture of the U.S. Without the courtesy of consulting Washington, as it often did in the past on such matters, the Ottawa government last year increased the tax on its oil exports to the U.S. from 40? per bbl. to $5.20, thereby making Canadian oil, which accounts for 20% of all U.S. imports, the most expensive crude on the Chicago market. In a subsequent move, Canada announced a 60% price increase for the natural gas it exports to the U.S. Three weeks ago, Ottawa announced that it would sharply...
...metals can easily be recycled to make new products. Beyond that, the great mass of combustible refuse can be sold to power companies or factories as a supplementary fuel that could lessen U.S. dependence on high-priced foreign oil by as much as 150 million bbl., or about 7% per year. Everybody thus benefits from the efficient use of solid wastes, especially the municipalities that can turn the headache of garbage disposal into the pleasure of profit...
...Cajon, near San Diego, Occidental Petroleum's Garrett Research and Development Co. and the Environmental Protection Agency are jointly building a test pyrolytic plant that when completed in 1976 will have a capacity of 200 tons per day. For every ton of garbage that goes in, 1 bbl. of oil will come out, ready for sale to San Diego Gas & Electric Co. If the system were used nationally, San Diego officials say, the oil from garbage could amount to anywhere from 8% to 15% of the U.S.'s energy requirements...