Word: bbl
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1999
Sort By: most recent first
(reverse)
...least not in the stock market. When the Gulf War began, the U.S. was in the throes of a banking crisis and slipping into recession. Saddam was bent on hanging on to his oil-rich conquest. Stocks were down, and oil prices had briefly doubled to $40 per bbl. There was a lot to fight for. This time around, stocks are high and oil is low. The economy is on a historic roll. And Saddam isn't strong enough to upset any of that greatly; he is merely being defiant. Where is the market's upside...
...Iranian President MOHAMMED KHATAMI for favorable signs. It's all part of a modern version of Rudyard Kipling's "The Great Game"--the 19th century competition between Russia and Britain for influence in Central Asia. Today the prize is access to the Caspian Sea's pool of 200 billion bbl. of oil. But tapping that will require construction of the pipeline network. The U.S. hopes Iran will recognize that it is in its own interest to become a player so that it will qualify for much needed Western investment...
...problem, as the people of Utah see it, is that the unspoiled land being placed under the federal bell jar is not just any unspoiled land. Locked in its rocks are as much as 62 billion tons of coal, 2 trillion cu. ft. of natural gas and 2 billion bbl. of oil--resources that could be worth billions of dollars and hundreds of jobs. So Utah, which has been scrapping with the Federal Government since statehood, is fighting back. Lawmakers are contemplating various legislative counterattacks, including enacting laws that guarantee continued access to the land, reducing the boundaries...
...rule of the royal House of Saud in more danger than the West suspected? Does the presence of about 5,000 U.S. troops in Saudi Arabia bolster or undercut stability in the land? Could it go the way of Iran? Its future matters immensely because it produces 8 million bbl...
...topsy-turvy response reflects the fact that Iraq won't begin exporting oil until July, when gas-guzzling American vacationers galore will be hitting the road. Nor will the 700,000 bbl. a day that Baghdad will be allowed to sell to raise hard currency for food and medicine amount to more than a 1% boost in worldwide oil production. Nonetheless, experts say Iraqi oil should help lower U.S. pump prices by midsummer. Daniel Yergin, president of Cambridge Energy Research Associates, estimates that gas prices could fall as much as 10' per gal. before the end of the driving season...