Word: bbl
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Dates: during 2000-2009
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...first long-distance pipelines were laid in the Northeast in the late 1870s and early 1880s, the first oil tankers were allowed to pass through the Suez Canal, and the modern shipping system was born. Today crude oil travels in tankers that can carry up to 4 million bbl. With daily world demand at about 85 million bbl., petroleum represents about a third of all international cargo. And even though the commodity is also measured in kiloliters (in Japan) and metric tons (in Russia), thanks to whiskey, the units are always converted to the 42-gal. barrel for trading...
...planned expansion at Syncrude from 350,000 bbl. per day to 500,000 bbl. may have been too important for Exxon's future to leave to anyone but the A-team from Texas. "My job is to build a strong operational foundation," says Katinas, whose previous assignments have taken him to Saudi Arabia, Singapore and the U.K. In addition to Syncrude and Imperial, the biggest operators in the oil sands are Suncor Energy Inc., a Canadian-owned company, and Albian Sands Energy Inc., a joint venture of Shell, Chevron Corp. and Marathon Oil Corp. This tight clutch of companies accounts...
...Aurora North mine, a giant shovel fills up another 797B Caterpillar heavy hauler with a 400-ton load of material that--after being spun in what looks like the world's largest cement mixer to separate the bitumen from the sand--will eventually yield 200 bbl. of oil. "A year from now, that mountain won't be there," says Crisby, referring to the black wall of bitumen-rich soil gradually being demolished by shovel, dozer and a convoy of heavy haulers that operate around the clock...
...bill to halt the deposit of 70,000 barrels of oil per day into the Strategic Petroleum Reserve, a two-month buffer of crude last tapped to offset disruptions caused by Hurricane Katrina. The amount of extra oil is relatively tiny--the world produces close to 75 million bbl. per day--meaning the move will have little impact on prices. Still, the measure sailed through Congress with overwhelming support...
TAPPING THE STRATEGIC PETROLEUM RESERVE [This article contains a table. Please see hardcopy of magazine.] Gulf War 1990-91 21 million bbl. Katrina 2005 21 million bbl. Currently available 703 million bbl...