Word: bbl
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Persian proverb Ever since the oil crisis that rocked the world last year, the autocratic ruler of Iran has, to many people, indeed seemed to be basking in the light of the Almighty. Iran sits atop an estimated 60 billion bbl. of crude oil, or roughly one-tenth of the world's proven reserves. The disposition of "this noble product" (as Iranians like to call it), and the money to be made from it, is in the firm hands of one man: His Imperial Majesty Mohammed Reza Pahlavi, Aryamehr (Light of the Aryans), Shahanshah (King of Kings). Once dismissed...
...Iran is now producing 6.1 million bbl. of oil daily and is the world's second-greatest oil-exporting nation, after Saudi Arabia. Iran's refinery at Abadan is the world's largest. More important, the Shah was one of the first oil potentates to take complete control of production and reserves: since 1954 all income from production has gone to the National Iranian Oil Co., which is completely controlled by his government...
...prices] at our expense. These are people who say they want to bring prices down, but we have unveiled the true picture. Participation of 100% [referring to Saudi Arabia's expected takeover of Aramco] is going to increase the price of oil by at least another $ 1.10 per bbl. Nobody spoke about that until we unveiled...
...third strategy outlined by Blueprint would be to build up a stockpile of oil sufficient to carry the nation through a year during which foreign producers withheld 1 million bbl. a day of potential shipments to the U.S. The policy would cost $4.7 billion, but that would be a bargain; without it, such an embargo would take a $33 billion bite out of national production. Blueprint does not firmly recommend any of the strategies it describes; its purpose is to outline a wide range of choices...
...instance, and imposing a sales tax on energy-the nation could cut the growth of energy usage to zero by the year 2000, the report says. The foundation team calculates that even reducing the growth rate to 2% would shrink oil imports by 1985 to a mere 2 million bbl...