Word: bbl
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...increases and resisting Bazargan's plans to reduce overstaffing. Food shortages have created a thriving black market that is feeding an unofficial inflation rate of 200%. Many of these problems would be relieved by fresh oil revenues, and as of last week production was up to 2.5 million bbl. per day, or about half the normal level. The question was whether these revenues, welcome as they were, would be sufficient to get Iran moving again...
...vulnerability, the Nuclear Energy Regulatory Commission ordered the immediate shutdown of five mid-Atlantic and New England nuclear power generators on the statistically improbable grounds that an earthquake might occur near by and cause them to pour out radioactive materials. U.S. oil consumption will quickly jump by 100,000 bbl. a day as the affected public utilities switch to increased production by oil-fired generators...
...project would have enabled Alaskan production, presently set at 1.2 million bbl., daily, to increase to a full 1.6 million bbl., and thus help reduce dependence on foreign oil. Without the pipeline, it would be difficult to raise the North Slope output: the West Coast is already overflowing with Alaskan crude, and Sohio is having to ship some 350,000 bbls. a day of it via tanker through the Panama Canal, a process that adds up to $1 per bbl. to the cost. What is more, oil companies are barred from exporting Alaskan oil, even if the purpose...
...indictments, and the continuing investigations, center on violations of the Government's six-year-old, two-tier price structure for domestic crude. This sets a low rate (now an average $5.65 per bbl.) for "old" oil already in production and, as an incentive for more exploration, a higher price (now $12.53) for "new" finds. The fraud involves false certification and sale of the cheaper "old" oil as expensive "new," an easy matter of fixing papers to hide origins, since all the crude looks the same...
Partly on Alkek's testimony, the grand jury alleged that Uni was the linchpin of a yearlong swindle. Specifically, the jury charged that M&A Petroleum, a small company founded by Alkek, and Ball Marketing had conspired in 1976 to sell Uni nearly 740,000 bbl. of certified old oil at prices from $5.17 to $5.48 per bbl. This oil was then illicitly recertified as new and sold to refineries at $9.55 to $ 14.45. The illegal profits came to as much as $6 million...