Word: bbl
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...During your presidency, your energy policies were not very popular. Would the country be in better shape if we had adopted the policies you endorsed? -Ronald McGee, Anchorage Yes, of course. When I was elected, we were importing 9 million bbl. of oil per day. Within just a few years, we ?reduced that to 7 million bbl. per day. Now we're back up to 13 million bbl...
...really are. An often cited USGS report from 2000 estimated that the Arctic could contain 25% of the world's undiscovered oil reserves. More precise guesses are just beginning to come out. Late last month the USGS put total reserves in the East Greenland Rift Basins at 31.4 billion bbl. of "oil equivalent," mostly in the form of natural gas. (That would be the equivalent of about four years of U.S. oil consumption.) While the assessment of the region won't be finished until next year, Don Gautier, one of the survey's principal investigators, says, "there's no doubt...
Still, Iraq has 115 billion bbl. of proven reserves and produces nearly 2 million bbl. daily, mainly from the Basra area in the south and Kirkuk and Kurdistan in the north. That's a sharp drop from about 2.8 million bbl. a day before the U.S. invasion in 2003 and an even steeper decline from a peak of about 3.7 million bbl. before the 1980 war with Iran. (From 100,000 to 300,000 bbl. a day are lost to smugglers.) The law would allow oil companies to explore hundreds of new oil fields under 10-year agreements and then...
...distilled from fermented corn mash, had been a curiosity for the past century before hitting the Green Revolution's radar a few years ago, when it was added to the U.S. gasoline supply with the goal of reducing vehicle emissions. In January, when oil was passing the $55-per-bbl. mark, the President called for the production of 35 billion gal. of renewable fuels annually by 2017, which would reduce U.S. gas consumption 20%. The Energy Act of 2005 mandated a market for ethanol by asking refiners to churn out 7.5 billion gal. per year of the stuff...
...corn-ethanol critics have doubts about the fuel as a short- and long-term energy solution. As U.S. vehicles burn through 9 million bbl. of gasoline a day, cornfield Cassandras fear that the home-brewed replacement may be only a pricey stepping-stone to a new generation of more efficient, lower-cost power sources like other biofuels, solar cells, wind and ethanol made from farm waste or other sources. Brazil, for instance, brews sugarcane-based ethanol, which is more efficient than corn-based...