Word: bbl
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Dates: during 2000-2009
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...store the CO2 in abandoned oil wells. Since even the most optimistic energy projections assume we'll be burning fossil fuels for decades, perfecting CCS is vital to controlling emissions--and who would be better suited to cleaning up fossil fuels than an emirate that produces nearly 3 million bbl. of oil a day? "It's hugely significant that Masdar is championing this," says Vivienne Cox, BP's head of alternative energy...
Today, Russia's finances look a lot less robust. The government budget was based on oil at $70 per bbl., far above the current price, and it will consequently swing into deficit next year for the first time since 2001. The stock market has dropped more than 70% in the past year, as the nation's business élite have dumped stocks to repay the huge loans they had taken out to finance acquisitions in Russia and abroad. Capital is fleeing--investors have pulled about $245 billion out of Russia since August--and the ruble is under pressure...
...lesser but more resilient bean by about 1825. As a result, the criollo was all but lost. It didn't help that Venezuela began to focus on more lucrative resources such as coffee and, in the early 20th century, oil. Today, "for every sack of cacao, 10 million bbl. of oil are produced" in Venezuela, Rosenberg notes. "In an oil economy, cacao is simply not that competitive...
...Crude oil tops $140 per bbl. American consumers pay upwards of $4 for a gallon of gas at the pump...
...Congress didn't set fuel standards until after the oil embargo of 1973. By 1985, efficiency had improved dramatically, but momentum slowed as the government let standards stagnate. President Barack Obama's support for raising fuel efficiency to 35 m.p.g. by 2020--a move that could save 2 million bbl. of oil a day--has environmentalists cheering...