Word: bbl
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...development" contracts between foreign oil companies and the state monopoly, Yacimientos Petroliferos Fiscales (YPF). The device has paid off in 17 months with more than 100 new wells from chilly Tierra del Fuego to mountain country near the Bolivian border. Oil production is up 30%, to 44 million bbl. a year...
...fast. We have 63 million people and nearly 2,000,000 more people every year to feed, clothe, to supply with power and tools and the essentials of life." He points to his record: 1956 auto production zero, this year 170,000; 1956 oil production 5,000 bbl. a day, this year 100,000 bbl...
BIGGEST ALASKAN OIL WELL was brought in by Standard Oil Co. (Calif.) on Kenai Peninsula, 40 miles south of Anchorage. New well, largest of four being jointly developed by Standard and Richfield Oil Corp., has capacity of 1,300 bbl. daily...
...unfettered free enterprise and trade liberalism, West Germany has been acting mighty odd. In the latest of a series of attempts to set prices and regulate trade, roly-poly Economics Minister Ludwig Erhard last week announced a stiff tax on fuel oil: $7.14 per metric ton (about $1 per bbl.). The punitive tax, which Erhard himself describes as a "sin" against his free-market theories, is designed to discourage the use of oil, thus ease Germany's steadily mounting coal surplus of 17 million tons...
...will replace another government attempt to reduce oil use by setting up an oil cartel. Under the cartel, which Erhard also admitted was one of his little sins, major oil companies last December were pressured by Bonn to fix prices at $22 per metric ton (about $3 per bbl.) and not to advertise. But cheaper oil flooded in from neighboring nations and Iron Curtain lands. Small, noncartel companies cut oil prices as low as $15 per ton, tripled their market share to 25%. Last week giant Esso A.G., a subsidiary of Standard Oil Co. (New Jersey), alarmed because its share...