Word: bbl
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Dates: during 1970-1979
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...care to maintain a freshly scrubbed, spill-conscious image. Sea lions play in the water alongside the piers, salmon and herring run in season, and 24-hour emergency crews stand by to contain spills with floating booms, chemicals and scooping devices. Since tankers began arriving last year, about 20 bbl. of oil have been spilled. Two hundred fifty million bbl. have been shipped out. Still, nature and technology do collide here. No one questions that...
...ship's cargo-control room. "She's trim by the stern now, but I'll have the draft more forward when we leave. Out to sea, I'll pull in the ballast, and she'll be flat." Translation: Portz is monitoring the 106,000-bbl.-per-hour rush of crude oil into 13 separate storage tanks, some big enough for full-court basketball. The ship must settle on an even keel, yet the tanks cannot be filled simultaneously because it could lead to spills. Portz has to route, or "pinch," the flow back and forth...
...flash and dazzle of its remarkable development projects, Saudi Arabia remains a feudal monarchy. Slavery was not outlawed until 1962. Murderers are still beheaded and adulterers stoned to death under Islamic law. Yet thanks to a gift of Allah?proven reserves of 150 billion bbl. of petroleum bubbling underneath the hot desert sands?this extraordinary nation is hurtling in a blink of history's eye from a medieval past toward the 21st century...
...average out the prices that all refineries around the nation paid for oil; that way, refineries (and voters) in the East would not suffer much higher oil prices because of their larger dependency on imports. In practice, refiners in California can buy local oil at roughly $4 a bbl., but they have to send between $4 and $8 a bbl. into a federal pool, which Eastern refiners draw on to buy expensive OPEC oil. Consequently, refineries have to pay about the same for California oil as they'do for imports-or not that much less. Few buyers want...
...fact, there are several surpluses, amounting daily to some 500,000 bbl. of Alaskan crude, which must be shipped through the canal; at least 100,000 bbl. of California crude, which is shut in; and 50,000 bbl. of residuals. Jimmy Carter is considering federal action to ease the glut...