Word: bbl
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...asked Schweitzer how a Democrat could sell that energy pitch in a presidential campaign. "I can do it in a 60-second spot," he said. "Put me on the clock." And he was off to the races: "Folks, we've got a problem. We Americans use 6.5 billion bbl. of oil a year. We produce 2.5 billion ourselves. We import 4 billion from the world's worst dictators. We need to stop doing that. We can save 1 billion bbl. through conservation. Things like more efficient cars, homes and appliances. We can produce another 1 billion bbl. of biofuels with...
...asked Schweitzer how a Democrat could sell that energy pitch in a presidential campaign. "I can do it in a 60-second spot," he said. "Put me on the clock." And he was off to the races: "Folks, we've got a problem. We Americans use 6.5 billion bbl. of oil a year. We produce 2.5 billion ourselves. We import 4 billion from the world's worst dictators. We need to stop doing that. We can save 1 billion bbl. through conservation. Things like more efficient cars, homes and appliances. We can produce another 1 billion bbl. of biofuels with...
...Turkey's Mediterranean port of Ceyhan. Named the Baku-Tbilisi-Ceyhan (BTC), the $4 billion pipeline is one of the world's longest and is operated by the British-American oil company BP, with partners that include U.S. oil companies Chevron, ConocoPhillips and Hess. By spring, about 1 million bbl. a day will move down the pipe, and BP could increase that soon after to about 1.5 million bbl. a day. A parallel BP pipeline opened last month to send hundreds of billions of cubic feet of natural gas from the Caspian to Western Europe, in order to break...
...countries and the global oil companies, the benefits are so compelling that they trump politics and old ethnic rivalries. The Caspian's oil and natural gas reserves, which some estimates have put as large as 200 billion bbl. (vs. 260 billion in Saudi Arabia), could deliver economic independence to the South Caucasus region and energy independence to the West. "This is about diversifying energy supplies," says Michael Townshend, a BP executive who ran the project in Baku until last year. "It is not from the Middle East and it is not from Russia...
...memorialized in the 1999 James Bond movie The World Is Not Enough. Towering over the area now is a 16,000-ton water-injection platform being built by BP, which will be towed to an oil field 75 miles offshore, where the company expects to pump about 320,000 bbl. a day beginning in April 2008. "This is a time of big change," says Mushvig Osmanov, 26, an Azeri engineer for BP, standing atop the half-built platform, gazing at the crumbling old oil wells. "Suddenly we have Western styles and tastes...