Word: bbl
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Dates: during 1970-1979
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...shortages of gasoline will probably continue for some time, that problem will ease as cold weather curtails driving. The increasingly inadequate supply of heating fuels raises a far more chilling specter. National stocks of all distillate oils, including home-heating and diesel fuels, now stand at about 190.5 million bbl., compared with 213.4 million bbl...
...certainly not involve a complete closing of the Saudi oil spigot. More probably, Saudi Arabia might limit the expansion of oil production that the U.S. has counted on to fill its future needs. Under plans announced last year, the Saudis had promised to boost production from 8,000,000 bbl. a day to 20 million by 1980 (U.S. oil production, by contrast, is expected to remain at 12 million bbl. per day). So great is the world's thirst for oil-consumption will more than double during this decade-that a decision by Saudi Arabia to allow only modest...
...vulnerable waterway. At such desert-edge ports as Ras Tanura, Abu Dhabi, Kuwait, Dhahran and Kharg Island, scores of supertankers congregate like wallowing whales to suck up crude oil. Daily they plow through the gulfs warm waters and out through the Strait of Hormuz carrying some 20 million bbl. of oil-almost half of the non-Communist world's consumption. If the gulf were closed, the effect on the U.S., Europe and Japan would be devastating...
...reducing air-conditioning levels in federal buildings, for instance, 113 million kilowatt-hours of electricity (equivalent to 270,000 bbl. of oil per year) would be conserved. Similarly, the number of trips by federal officials, who now travel some 250 million miles a year could be cut by 10%, saving about 1.7 million gallons of gasoline...
...value of Libya's oil reserves, which Gaddafi has lately been trying to conserve by limiting production to about 60% of 1970's 3,700,000 bbl. a day, will increase accordingly...