Word: bbl
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
...from chaos theory to Wittgenstein, Miller has trounced his rivals by thinking differently. But lately the investor, who is based in Baltimore, Md., has looked a tad less clever. In the past two years, oil and gas stocks surged as the price of oil nearly tripled, to $70 per bbl., yet Miller missed the entire runup. "It's a mistake we should not have made," he says, and he's paying for it. With Value Trust down 2.2% this year, he's trailing the S&P by 4 percentage points and is in danger of losing his unrivaled streak...
...dismiss it as rocks for jocks. With oil companies desperately searching for new sources of crude and prices above $65 per bbl., now is a good time to know your limestone. Petroleum geologists study the earth's surface and subsurface to help predict the chances of striking oil. Over the past year, the average annual salary for a geologist with three to five years' experience has climbed 11%, to $75,600, reports executive- search firm MLA Resources. Across the board, salaries are up 8%. Also, demographics are driving demand; the average age of a petroleum geologist is 49. Bob Goldstein...
...lower the temperature needed to separate it from the crude. It's not cheap; refining costs account for nearly 19% of the price of gas sold in Britain. Today's refineries are so efficient that they can extract 44.6 gallons of refined petroleum products from a 42-gallon bbl. of crude. That's good, but not good enough, especially not after Katrina knocked out 10% of U.S. refining capacity. Sixty-seven percent of America's oil demand comes from its transportation sector and even before the storm hit, the U.S. was importing about one-tenth of its refined petroleum needs...
...airline that buys oil by the tanker and will burn through 250 million gal. this year alone isn't complaining too much about the record high price of fuel. But in fact, Joe Leonard, head of low-cost carrier AirTran Airways, thinks a few weeks of $66-per-bbl. oil would bring an overdue shake-out in the struggling airline business. "High oil prices are going to force some carriers out of the market," he says, "and it's going to happen quickly." You can almost see him smile, since AirTran won't be one of those grounded...
...billion in extra raw-material costs. "High oil prices certainly still matter, but probably only half as much as they did 15 to 20 years ago," says Kenneth Rogoff, former chief economist at the International Monetary Fund (IMF), who now teaches at Harvard. He says that a $15 per bbl. increase in the price of oil 10 years ago, if sustained for a year, would have cut growth in Europe and the U.S. by about 1%. Now it amounts to a cut half that size. "In today's booming global economy," Rogoff says, "this means that 2005 is only going...