Word: bbl
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...work force that spearheaded Exxon's $1 billion effort to erase the largest oil spill in U.S. history was calling it quits before the winter-storm season descends on Prince William Sound. Six months after the Exxon Valdez ran hard aground on Bligh Reef and dumped 260,000 bbl. of crude oil into one of the most scenic bodies of water in the world, the ship's owner was declaring the great cleanup of 1989 complete...
...seeped down through shoreline sediments to a depth of as much as three feet was pumped back to the surface by 15-ft. tides. "We treated some of those areas as many as seven times," says Exxon spokesman David Sexton. In all, the company says, it recovered 61,000 bbl. of the 260,000 spilled. The $1 billion spent on the cleanup translates into $390 for each gallon of oil recovered...
...Petroleum Exporting Countries, whose squabbling has sometimes led to price wars, were relatively cooperative with one another when they met last week in Vienna. Because of strong worldwide demand for OPEC's crude, the group decided that it could boost its self-imposed production quota by 1 million bbl. a day, to 19.5 million, without suffering any serious decline in oil's market price of about $18 per bbl. Moreover, OPEC decided to review the new quotas in September, when the oil ministers meet again in Paris. They may be able to raise their output even more...
...several hard-pressed Indian tribes, the millions of gallons of oil and gas flowing from reservation wells have meant the difference between crushing poverty and financial stability. Now the Senate Special Committee on Investigations reports that one oil company may have stolen as much as 1.9 million bbl., worth $31 million, from the tribes since 1986. In hearings before the committee last week, investigators told of concealing themselves near remote oil-storage depots in Oklahoma earlier this spring to watch employees of Wichita-based Koch Industries transferring oil from Osage tribal storage tanks to trucks. According to witnesses, Koch employees...
...Alaska stems in large part from the recent relapse into energy profligacy. During the Reagan years, speed limits rose, more stringent fuel-efficiency standards for new cars were postponed, and alternative-energy research programs were slashed. As a result, the U.S. appetite for oil rose from 5.6 billion bbl. in 1983 to 6.3 billion last year...