Word: crude
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...Shell has won approval for another project that will cost close to $5 billion and help lift output from the sands to an expected 500,000 bbl. daily by 1985. Meanwhile, Exxon's Imperial Oil plans to spend more than $5 billion to produce oil from heavy crude. These projects may be stretched out if some recent finds of conventional petroleum elsewhere prove more financially attractive. Some oilmen believe that two offshore strikes, in the Arctic's Beaufort Sea and along the Newfoundland coast, could prove to be of Middle East proportions...
...they wore us down," coach Frank McLaughlin said after the game, and that indeed was the story. After an impressive first half, the thick Texas crude--boasting a starting forward line measuring 6-ft. 4-in., 6-ft. 6-in, and 6-ft. 10-in. respectively--out-rebounded, and denied the Crimson the ball for just too long...
...major oil companies and the nation's 12,000 independent smaller operators, who account for about 80% of all drilling, were putting off new exploration. Major reason: uncertainty over the decontrol of oil prices and new natural gas pricing regulations. The turning point came in June when crude began to be decontrolled. Oil from wells "newly discovered" after Jan. 1, 1979, began to sell at $28.81 per bbl. delivered to the refinery, rather than the artificially controlled price of $13.86. The additional oil from older wells produced by "enhanced recovery" methods, like the injection of steam or chemicals...
...West, a major reason the East bloc's surging prices is the inflation in world oil. Russia is energy self-sufficient, and it supplies European satellites with about 80% of their needs. The prices of that crude are based on an OPEC formula, and they are going up-albeit at a slower rate...
...romantic painters (Turner, for instance, or, in our own century, Pollock), there is a wide range of feeling, apportioned and understood, between the small, exactly registered perception and the grand, generalized effect. Still's colors tend to repetition, the drawing is clumsy, and the paint surface is often crude; he has a way of crushing his pigments into clots and straggles of shiny impasto that works badly against the mat ground. Thus his visual language can look dour and forced...