Word: bbl
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Dates: during 1990-1999
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...outdone, President Clinton last week ordered the sale of about 12 million bbl. of oil from the Strategic Petroleum Reserve. Though a sale totaling $277 million was mandated by Congress in the budget agreement two weeks ago, the Administration's move to do so last week was a dramatic gesture that officials hoped would dampen the upward price spiral. The President's order, said White House spokesman Mike McCurry, is a "precise, prudent and modest step, designed to move the market in the right direction...
...resources and salivates. Texaco, Exxon, Amoco, Norsk Hydro and other transnational oil companies are setting up joint ventures to tap into the enormous oil and gas reserves scattered through Siberia, including the Timan Pechora basin above the Arctic Circle (where the recoverable reserves are estimated at nearly 4 billion bbl.). Canadian, American and other Western mining companies are prospecting for gold and other minerals. Norwegian and Japanese interests are negotiating to increase shipping between Europe and Asia by way of arctic waters north of Siberia...
Barzani has accused Talabani of stealing $14 million from the Kurdish treasury and being a "jash," or donkey, as Kurds label collaborators with Baghdad. Talabani claims Barzani is pocketing cash from customs fees the Kurds levy on the 10,000 bbl. of diesel fuel Iraq secretly ships through Kurd territory to Turkey every...
Imports accounted for 50.4% of petroleum use in the U.S. last year, according to the American Petroleum Institute. This marks the first time that consumption of foreign oil has exceeded that of domestically produced oil. Imports reached 8.9 million bbl. per day, eclipsing by 109,000 bbl. per day the previous import record, set in 1977. Lobbyists are expected to use the statistics to pressure Congress to allow oil drilling in the Arctic National Wildlife Refuge in Alaska...
...million-bbl. oil spill would be bad anywhere, but the pipeline leak in the Russian Arctic in October was especially unfortunate. The harsh weather makes it hard for wildlife to survive in any case, and sluggish cleanup efforts virtually guaranteed an ecological disaster. Worse yet, there is a lot more dilapidated pipeline in the area...