Word: barreled
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Dates: during 2000-2009
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...wasn't clear before it should be now: the Bush Administration can't afford to attack Iran. With gas already at $4 a gallon and rising almost every day, Iran figuratively and literally has the United States over a barrel. As much as the Administration is tempted, it is not about to test Iran's promise to "explode" the Middle East if it is attacked...
...speculator told me that oil would hit $200 a barrel within minutes. But Iran's official news agency, Fars, puts it at $300 a barrel. I asked him if Iran is right, what does that mean...
...prices rise, Gwat's earnings are being squeezed. When world oil prices shattered the $100-a-barrel mark on January 2 and settled above that in February, Cameroon faced the same conundrum as the United States and Europe, because it is heavily dependent on imported fuel. President Paul Biya, whose 22-year rule has endured almost unchallenged, passed along the cost of the global increase to his country's drivers. Biya was more careful than some of his Western counterparts, however, in choosing his moment to raise the price at the pump: The announcement, in mid-February, coincided with...
...been more than a century since any major producer shipped oil in an actual barrel, but the unit has been the industry's standard since the mid-1800s, when overwhelmed Pennsylvania oilmen collected the substance in whiskey barrels after striking their first gushers. Before U.S. drilling began in 1859, "rock oil" (to differentiate it from vegetable oil or animal fat) was sopped up with rags, wrung out and peddled as a cure for everything from headaches to deafness. Spurred by demand for lamp fuel as whale blubber grew scarce, derricks popped up all over Pennsylvania's oil region...
...million bbl. With daily world demand at about 85 million bbl., petroleum represents about a third of all international cargo. And even though the commodity is also measured in kiloliters (in Japan) and metric tons (in Russia), thanks to whiskey, the units are always converted to the 42-gal. barrel for trading and selling...