Word: bbl
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Dates: during 1980-1989
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...single incident did more to raise that consciousness than the Exxon Valdez disaster, which last March disgorged nearly 262,000 bbl. of crude oil into the pristine waters of Alaska's Prince William Sound. The images of dead birds and sea otters and miles of tar-smeared beaches graphically illustrated mankind's capacity to foul its environment. Coming in the wake of 1988, with its devastating droughts, mega-forest fires and record high temperatures, the Valdez spill convinced all but the most skeptical observers that humanity was courting ecological disaster...
...work force that spearheaded Exxon's $1 billion effort to erase the largest oil spill in U.S. history was calling it quits before the winter-storm season descends on Prince William Sound. Six months after the Exxon Valdez ran hard aground on Bligh Reef and dumped 260,000 bbl. of crude oil into one of the most scenic bodies of water in the world, the ship's owner was declaring the great cleanup of 1989 complete...
...seeped down through shoreline sediments to a depth of as much as three feet was pumped back to the surface by 15-ft. tides. "We treated some of those areas as many as seven times," says Exxon spokesman David Sexton. In all, the company says, it recovered 61,000 bbl. of the 260,000 spilled. The $1 billion spent on the cleanup translates into $390 for each gallon of oil recovered...
What happened to the other 199,000 bbl.? Exxon professes not to know, a curious stance for a company that in other circumstances makes a corporate fetish out of accounting for every last barrel in its inventory. "I'm not going to speculate how much oil is left and where it is," says Sexton. As much as 25% of the crude may have evaporated in the early days after the spill. Much of the rest, guesses Lars Foyn, a fishery expert with the Marine Research Institute in Bergen, Norway, has become diluted in the water and disappeared. Most...
...Petroleum Exporting Countries, whose squabbling has sometimes led to price wars, were relatively cooperative with one another when they met last week in Vienna. Because of strong worldwide demand for OPEC's crude, the group decided that it could boost its self-imposed production quota by 1 million bbl. a day, to 19.5 million, without suffering any serious decline in oil's market price of about $18 per bbl. Moreover, OPEC decided to review the new quotas in September, when the oil ministers meet again in Paris. They may be able to raise their output even more...