Word: bbl
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Dates: during 1980-1989
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...Iraq's oil revenues, which reached $21.2 billion in 1979. But Iran's naval dominance in the Persian Gulf and the decision by Syria, which supports Iran, to close one of Iraq's pipelines to the Mediterranean, have cut exports to only 650,000 bbl. per day, down from 3.5 million bbl...
...completion of the project is clearly a long-term boon for energy-hungry Brazil, which will channel much of the dam's power to the industrial state of Sao Paulo, 660 miles away. Saddled with more than $80 billion in foreign debt, Brazil currently imports 750,000 bbl. a day of crude oil, at a cost of more than $27 million a day. Eventually, the mammoth dam could be the equivalent of a 600,000-bbl.-a-year oil well...
...convention area in the International Banquet House. They were there to hear bids announced for federal lease sales in the Beaufort Sea, which perhaps contains some of the richest untapped deposits of oil and gas in the U.S. The fields are believed to hold as much as 2.3 billion bbl. of oil and 1.8 trillion cu. ft. of natural...
...doubt in my mind that our national security was at stake. In 1973, at the time of the oil embargo, we were importing about 35% of our oil. When I took office, our dependence on uncertain foreign oil supplies had grown to almost 50%-about 9 million bbl. a day. We were the only developed nation without an energy policy, and our total energy consumption was at a record high. The program put into effect during my term has now reversed the movement toward disaster. In some ways the bitter four-year struggle that proved necessary made the final victory...
...pollution credit: for every two tons of hydrocarbons they eliminate, they will be allowed one ton of sulfur-and nitrogen-oxide emissions from future drilling in the Santa Barbara Channel. The pact should clear the way for developing a nearby well that could produce as many as 4,100 bbl. of oil a day. Says ARCO's offshore operations chief, Paul Rowley: "We just couldn't do it without the trade...