Word: bbl
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1999
Sort By: most recent first
(reverse)
...free ride by being classified as light trucks. For the past four years, opponents have annually attached a rider to the Department of Transportation's budget prohibiting the DOT from raising the standards to equal those for ordinary cars--a move environmentalists say would save 1 million bbl. of oil a day. Backers of the rider argue that they are protecting auto-industry jobs and giving consumers the vehicles they want, but now they are running into stronger opposition. Next week the Senate may consider a complicated parliamentary move proposed by three Senators--one Republican, Slade Gorton of Washington...
Since January, the price of oil had been dropping like a stone, from $25 to $9 per bbl. Independent oilmen like Bush were going under every day, dragging with them six of Midland's banks and its real estate, oil-services and retail industries. From the Rolls-Royce dealership on down, the whole town was getting shuttered. "I don't know, Dickey," Bush said. He was about to turn 40. He had been telling his employees that the hard times would last a few months, that they would just ride 'em out. But he let down his guard...
...least one colleague had urged him to quit. God was also on his mind. Bush had been opening up to his faith, reading the Bible seriously for the first time in his life. "I believe my spiritual awakening started well before the price of oil went to $9 per bbl.," Bush says today. But he acknowledges that 1986 was a watershed year in his life, "a year of change, when I look back on it." He pauses. "I really never have connected all the dots that...
...businesses. Pertamina imported and exported much of its oil through two small companies in which Tommy and older brother Bambang acquired significant stakes in the mid-1980s. According to a senior official in Habibie's government, the firms received average commissions of 30[cents] to 35[cents] per bbl., totaling more than $50 million in fiscal year...
...same thing happen again? The first test will come when OPEC decides the allocation of production cuts among 10 of its members. Saudi Arabia alone seems prepared to accept reductions of 500,000 bbl. a day in output. But that still leaves 1.5 million bbl. in reduced production and revenues to divvy up among the other members. Many of them, including Iran, Indonesia, Nigeria and Venezuela, are in much greater need of cash than even the Saudis. "I don't like to project what is going to happen," Saudi oil czar Naimi told TIME last week. "But I believe...