Word: bbl
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...notably better in trying to persuade Congress to go along with his proposals on a wide range of issues, from foreign policy (see following story) to tax reductions and energy conservation. The major fight was over Ford's three-stage, $3-per-bbl. hike in the tariff on imported oil. Congress had voted to postpone the hike for 90 days, and Ford had promised to veto the legislation. But to prevent the Senate from overriding the veto, he had to persuade four Senators to switch to his side...
...price intact. OPEC'S price is pegged to the $10.46 that Saudi Arabia charges for its high-quality light oil; all other cartel crude is priced above or below that figure, depending on quality, shipping costs and other factors. Algeria's price has dropped from $14 per bbl. a year ago to $12 now, largely because premium charges for high quality and other factors have been removed. Libya has recently been forced to trim up to 29e off its exceedingly high basic rate of $11.86, and Abu Dhabi has had to pare 380 from the $11.38 that...
...Shetland Islands west of Norway down as far as the south-central coast of England. Drilling is being done by British Petroleum, Exxon, Gulf, Texaco, Shell, Mobil and 35 other companies. They will start to produce small amounts later this year and expect to be bringing in 2 million bbl. a day by 1980. But a hot taxation feud between the companies and the Labor government threatens to stall development...
Loaded Tankers. Another consideration was the replacement of about 80,000 bbl. of oil per day, or 50% of its requirements, that Israel is pumping out of the Abu Rudeis oilfields in Sinai-a rate that by present estimates will exhaust the fields within five years. In Zurich, Kissinger met with ski-vacationing Shah Mohammed Reza Pahlavi of Iran, whose refineries already provide about 50% of Israel's oil needs. The Shah was willing to make up the difference from Abu Rudeis if the fields were given back to Egypt. "Once the tankers are loaded," he said grandly, "where...
...tracts to oil companies. Interior now auctions off 3 million underwater acres a year, but has talked of leasing as much as 10 million acres annually. Though the continental shelf is still largely unexplored, estimates of the oil to be found there range from 40 billion to 140 billion bbl. That is a lot of new fuel for a nation that consumes 6 billion bbl. a year, onethird of which is now being imported at extortionate prices...