Word: billions
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...instant chaos. Yet there had been no panic, no runs on banks, no scrambles to hoard food. Instead, the prosperous capital city of Seoul (pop. 8 million) quickly pulsated back to normal life. The economy, despite 20% inflation, continued to chug along toward a record export target of $15.5 billion this year...
...tankers stretching halfway around the earth to one of the most unstable regions in the world." The drive to gain some freedom from OPEC by developing domestic energy sources has never been more pressing. Last week the Senate easily adopted by a vote of 65 to 19 a $20 billion synthetic-fuel program that, among other things, would turn the nation's vast coal deposits into oil and gas. But of all the old and new sources of petroleum now being freshly examined, none is more promising or as controversial as the oil-bearing rock known as shale...
Whatever extraction method is used, the investment will be enormous. Union's proposed 9,000-bbl.-a-day plant would cost $130 million; Occidental's 50,000-bbl.-a-day operation carries a $1 billion price tag. Colony's process, because of its size and capital investment, would be the most expensive: $1.5 billion to $2 billion...
...more optimistic than oilmen: it envisages the production of 400,000 bbl. a day by 1990. Carter wants Congress to grant shale developers a tax credit of $3 a bbl. to make shale oil prices competitive with those of conventional petroleum. In addition to the Senate's $20 billion program, the Administration is providing $2.2 billion in fiscal 1980, largely for shale...
...observations also limit the distance to the edge of the universe to nine billion light years...