Word: barrelfuls
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...market. The trustbusters may object, since the oil majors are under attack for spending profits on non-oil diversifications. But the Department of Energy quite possibly will conclude that the Reliance takeover would be a form of energy investment. Says a DOE official of the Exxon proposal: "A barrel of oil saved is just as good as a barrel of oil produced...
...cross section of a moment in history to a severed leg of lamb, "where you see the ends of the muscles, nerves, sinews and bone of one piece matching a similar ar rangement in the other." His characters "sink their teeth" into "weighty problems," accept things "lock, stock and barrel," and come to clanging conclusions like: "The old order of things was as dead as a doornail." After an hour or two of this, who could be blamed for edging away from the bar, despite Farrell's undoubted substance and seriousness, and going inside for some dinner? Anything...
KUWAIT--Kuwait increased its surcharge on the basic price for a barrel of crude oil by 60 cents yesterday, a move that was expected after several oil-producing nations raised their surcharges last week...
...first and biggest boost is made by the Saudi government. Its royalties, fees and taxes bring the price per barrel up to the cartel rate of $14.55, or 35? per gal. Shipping adds about $1.25 per bbl., or 3? per gal. But the actual cost of the journey is perhaps no more than a few cents a barrel. The difference is the profit for the tanker operators to help cover the expenses of maintaining huge, often idle fleets and sending empty tankers back to the Middle East...
...barrel of oil can be refined into about ten different products, including 20 gal. of gasoline and 10 gal. of home heating oil. Of the two, heating oil is less expensive to make, and the oil majors spend little on advertising and transporting it. They sell this oil at about 48? per gal., a 14? markup, to wholesalers. These middlemen then sell it to retail dealers. Partly because the wholesalers pay for storage and the dealers pay for advertising and home delivery, they collectively add 14? to the final retail price of about...