Word: bbl
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Dates: during 1980-1989
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...marijuana will be pulverized and blown into the plant's furnaces, which now burn either natural gas or oil. Company officials figure that each ton of pot equals 2.7 bbl. of oil and will produce 2,000 kilowatt hours of electricity-only a tiny fraction of the plant's daily output, so pot power will not significantly reduce customers' bills. Officials also believe that smoke from the generator's 350-ft. stack will not turn on passersby. But just to be sure, they plan to conduct test burns. Until then, the Miami News last week advised...
...Supply. Within days of the outbreak of heavy fighting, oil shipments from Iraq and Iran were suspended, including crude deliveries through Iraq's pipelines to the Mediterranean. Between them, the two nations export just over 3 million bbl. per day, around 20% of gulf crude shipments, an amount that would not necessarily be critical at a time of a global oil glut. But there was the dire possibility that the Strait of Hormuz, 30 miles wide at its narrowest point, at the southern end of the gulf, might be closed because of the hostilities. Halting the flow...
...about the same time the Iraqis sent their bombers against Iranian oil facilities across the Shatt al Arab at Abadan and farther south against Kharg island, where 14 tankers at a time can load crude. At Abadan, one of the biggest refineries in the world (587,000 bbl.-per-day capacity) and the principal source of fuel for Iran's domestic needs, flames and smoke shot skyward. "There are going to be a lot of cold Iranians this winter as a result," said a U.S. diplomat monitoring the fighting. In Tehran, the government decreed that no gasoline would...
...about 100 days' supply in the non-Communist world. Aside from the high inventories, there is also considerably less demand because of the global recession. Before the Persian Gulf war, according to British Energy Secretary David Howell, free-world production was exceeding consumption by about 2.5 million bbl. a day. The excess had resulted in a general agreement by the Organization of Petroleum Exporting Countries at their Vienna meeting two weeks ago to slash output by 10%. "My understanding is that the [OPEC] agreement is now on ice," Howell said in Washington last week, meaning that the other OPEC...
Only a few buyers will actually miss Iran's supplies. Under the Shah, the country was the second largest OPEC producer after Saudi Arabia; but lack of maintenance, spare parts and skilled workers since the revolution cut production from a 1974 peak of 6 million bbl. a day to 1.5 million. Of this, only 700,000 bbl. were being exported. Still, customers like Rumania, India and Spain, which have continued to receive shipments on the order of 150,000 bbl. a day, will now have to turn to different sources for their crude...