Word: bbl
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Dates: during 1980-1989
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...long retreat at Camp David with a plan to free the U.S. from its bondage to OPEC oil. He proposed creating an $88 billion Energy Security Corporation that would encourage alternative energy projects, primarily through loan and price guarantees. The ambitious goal to produce the equivalent of 2.5 million bbl. of oil per day by 1990. When Carter signed the Energy Security Act on June 30, 1980, he declared, "The keystone of a national energy policy is finally being put into place...
Among more affluent voters, issues that cut against Hart in the East should help him in Texas, particularly his vote against the windfall-profits tax on domestic oil and his proposal of a $10-per-bbl. fee on imported oil. Furthermore, Hart has inherited many of John Glenn's deep-pocketed donors. Oil Baron James Calaway, who helped raise $1 million for Glenn, raised $125,000 for Hart in a single evening this month. In the Texas caucuses, however, organization and party loyalty count for more than money. Hart's Yumpies (young upwardly mobile professionals) are likely...
...bushed candidate is more prone to mistakes and misstatements. Usually the bungles are minor. When Mondale was asked in Pennsylvania about Hart's proposal for a $ 10-per-bbl. tax on imported oil, he rambled numbly, "It's a question of, ah ... ah ..." He stopped. "I can't think of the name. I'm getting a little tired. I'll get back to it." Yet Mondale, who is rather too buttoned down in public, sometimes loosens up when he is fatigued. Campaigning hi upstate New York, he joked that as Vice President he had channeled...
Unlike the public bidding that preceded the Gulf deal, the grab for Superior was made in great secrecy. Using pseudonyms, Mobil President William Tavoulareas traveled to Texas earlier this month to make final arrangements. The merger looks very good for Mobil, which will be paying just under $6 per bbl. for Superior's 1 billion bbl. of oil and liquid natural gas reserves, vs. average exploration costs of $14 per bbl...
...Exxon (1983 revenues: $94.6 billion) and Mobil (1983 revenues: $58.5 billion), A completed deal would also make Socal the largest U.S. gasoline retailer, with 10.2% of the market and stations in every state but Wisconsin and North Dakota. Most important, Socal will have gained control of Gulfs 1.9 billion bbl. of worldwide proven oil reserves, including a vital 723 million...