Word: bbl
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...tankers get bigger and bigger, the number of ports they can enter gets smaller and smaller. There are only about 20 commercial harbors in the world deep enough to serve the Nisseki Maru, a new Japanese behemoth that stretches 1,139 ft. long, carries almost 3,000,000 bbl. of crude oil and draws 89 ft. of water. Such monster tankers -each representing a potentially catastrophic oil spill-pump their cargoes into oil depots at the deep ports. Then smaller vessels take the oil to final destinations along the coast...
...Pertamina, the state-owned oil monopoly, several foreign firms-including U.S.-owned Atlantic Richfield Co. and Union Oil Co.-recently began producing oil from wells in the Java Sea and adjacent waters. Already the major oil producer in the Far East, Indonesia expects to pump out 1,000,000 bbl. a day this year and 2,000,000 daily by the mid-1970s. That would about equal the present output in Iraq...
...interest in earthwork at Boeing has hardly taken the company out of the skies. On the contrary, Boeing engineers are producing ever more spectacular aircraft designs, including one for a twelve-engine "brute lifter" three times the size of the 747 jet that could haul, for example, 8,000 bbl. of crude petroleum. Recent successes in aerospace sales accounted for almost all of the company's nine-month earnings of $18.2 million this year, up nearly $1,000,000 over the same period in 1970. But Boeing's new outlook may well provide a striking glimpse into...
American firms, including Gulf, Mobil, Texaco and Atlantic Richfield, have an enormous stake in Venezuelan oil. Creole Petroleum Corp., a subsidiary of Standard Oil of New Jersey, lifts almost half of the 3.7 million bbl. of oil pumped daily. The U.S. companies have nearly $2 billion tied up in wells, pipelines and refineries; it is the largest single American investment in South America...
...rise up from all those people who have known all along that the Viet Nam War must be a plot of American capitalists. The great oil bonanza was soon deflated; among other things, a wire service had made a mistake in a figure, and 4,000,000 bbl. had become 400 million. Except to the farthest-out, craziest left, U.S. business really is not a satisfactory Viet Nam villain; it is not easy to name many American corporations that have been getting much good out of the war, and it is easy to show that corporate profits and the whole...