Word: bbl
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...West over a 42-gal. oil barrel. World oil use will more than double during the 1970s. Slaking that intense thirst requires continual swift increases in output, and there is only one place they can come from. The desert sands of the Arab nations hold at least 300 billion bbl. of easily recoverable oil, or 60% of the proven reserves in the non-Communist world. Merely by increasing production more slowly than the West desires-let alone reducing it-the Arabs could cause considerable discomfort...
...superficially would seem well able to withstand a sellers' boycott. The nation now imports about a third of the 17 million bbl. of oil it burns each day, but no more than 11% comes from the Arab countries. Cutbacks could prompt other major suppliers to reduce sales to the U.S. in order to conserve supplies in a tight global market. Even so, an eventual 25% slice in Arab output would cut U.S. supply about 2,000,000 bbl...
...m.p.h. or less and force some utilities to convert from oil to higher-polluting coal. The most chilling aspect of an oil embargo-literally-is that the U.S. might be unable to stay warm this winter. The Interior Department figures that the nation will have to import 650,000 bbl. of heating oil a day to supply adequate heat, but Economist Lawrence Goldstein of the Petroleum Industry Research Foundation fears that other countries will sell only 350,000 bbl. a day. White House Aide Melvin Laird offers this advice: "I'd buy a sweater...
...consumers could also greatly accelerate research into ways of efficiently developing non-Arab sources of fuel. The Rocky Mountain shale and Athabascan tar sands of Canada may hold more oil than all the sands of the Arab deserts; some estimates run as high as 1.5 trillion bbl. Liquefication and gasification of coal could provide a low-polluting way of using that superabundant fuel. But the capital investment required is staggering: $5 billion to $7 billion to get 1,000,000 bbl. of oil a day out of shale or tar sands. Senator Jackson has been advocating a U.S. emergency research...
...Arab nations carry out their oil cutbacks, the U.S. could wind up 2,000,000 bbl. short of the 17 million bbl. that it consumes each day. Energy experts in government, business and academe have been pumping out suggestions to help consumers conserve fuel. For example, one immediate way to pare energy demand is to continue Daylight Saving Time right through winter, thus chopping by an hour the heavy night-time use of electricity. Some other potential conservation measures...