Word: bbl
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Persian Gulf oil countries lifted the posted price of crude oil (a theoretical figure on which royalties and taxes are based) by a stunning 70%, to $5.11 per bbl. It will keep Arab oil revenues rising-helping to pay for the war against Israel-even as fewer barrels are shipped out. It will also force Americans, Europeans and Japanese to pay as much as 5? per gal. more for gasoline, heating oil and other products...
...been living beyond its means. In the energy field, in particular, the country badly needs a conservation program to prevent waste. As Government spokesmen have pointed out, if every thermostat in the U.S. were set three degrees lower this winter, the nation could save at least 300,000 bbl. of fuel a day. If motorists would slow down from 70 to 60 m.p.h., their cars would consume 11% less gasoline; a car driven at 50 m.p.h. will burn 23% less. After decades of congratulating itself on its abundance, the U.S. could use a dose of old-fashioned New England frugality...
...shortages of gasoline will probably continue for some time, that problem will ease as cold weather curtails driving. The increasingly inadequate supply of heating fuels raises a far more chilling specter. National stocks of all distillate oils, including home-heating and diesel fuels, now stand at about 190.5 million bbl., compared with 213.4 million bbl...
...European newspapers warning petroleum buyers that Texaco Inc. would "pursue all legal remedies to recover crude oil illegally taken from it in Libya." Almost Immediately, the attack began. Texaco and Standard Oil of California sued in Italy to recover from a Sardinian refinery a total of 640,800 bbl. of crude. The companies contend that the oil was pumped from their concessions in Libya and sold by the government of Colonel Muammar Gaddafi in violation of their contract rights...
...certainly not involve a complete closing of the Saudi oil spigot. More probably, Saudi Arabia might limit the expansion of oil production that the U.S. has counted on to fill its future needs. Under plans announced last year, the Saudis had promised to boost production from 8,000,000 bbl. a day to 20 million by 1980 (U.S. oil production, by contrast, is expected to remain at 12 million bbl. per day). So great is the world's thirst for oil-consumption will more than double during this decade-that a decision by Saudi Arabia to allow only modest...