Word: bbl
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Dates: during 1970-1979
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...will pass over or under 800 streams and rivers, including the Yukon. It will rise 4,800 ft. into the Brooks Mountain Range, swoop down east of Fairbanks, rise 3,300 ft. in the Alaska Range, and eventually drop into half-million-bbl. storage tanks in Valdez to await loading on tankers. The trip will take a month, longer if trouble turns up. But if all goes well, an uninterrupted ribbon of oil-9 million bbl. just to fill the pipeline-should stretch across the Alaskan tundra by mid-July. The flow will be stepped up gradually, reaching...
That would be enough to cut U.S. dependence on foreign oil by 14%-assuming all the oil is used in the U.S.-and reduce the nation's bill for imported crude by $6 billion in 1978. Currently, the U.S. uses 17.2 million bbl. daily, of which slightly more than half is imported. The proven reserves of Prudhoe Bay are 9.6 billion bbl., enough to keep the pipeline busy for 20 years. The line will not be formally dedicated until Oct. 8, when it will be in full operation and a number of tankers will have been loaded...
...pipe are flexible enough to withstand earthquakes that register 8.5 on the Richter scale-greater than the devastating 1964 Alaska quake that destroyed 30 blocks of downtown Anchorage. The entire system can be shut down in ten minutes if the pipeline breaks. A maximum of 50,000 bbl. can spill; valves at various intervals can be turned to stop the flow...
...annually if the U.S. economy continues to recover. The companies with the largest stake in the pipeline would be Sohio, Arco and Exxon. Already, seven of the eight consortium companies have filed proposed shipping charges with the Interstate Commerce Commission. They are stiff, ranging from $6.04 to $6.44 per bbl. just to get the crude from Prudhoe Bay to Valdez...
...refiners had to devote more of their production than usual to heating oil during the icy winter. But now only a few spot shortages of unleaded fuel are possible. On June 3, at the start of the warm-weather driving season, national inventories of motor fuel totaled 257 million bbl., 38 million bbl. more than a year earlier, and driving has not been increasing much. During the first four months of 1977, drivers used only 1.9% more gasoline than they did during early...