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Word: crude (lookup in dictionary) (lookup stats)
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...crude per day v. the 7.8 million produced in the Soviet Union and the 6,000,000 that came from Saudi Arabia...

Author: /time Magazine | Title: SUPPLY: A New Oil Hunt at Home | 1/14/1974 | See Source »

...effort to encourage the industry to boost output, the Government last year made two important changes in the way that it controls oil prices. First, it lifted controls on the crude that comes from stripper wells-those that produce 10 bbl. or less per day. Stripper prices have since risen from $3 a bbl. to $8.50 or more; at these prices, the owner of a stripper can make a profit from a well that might otherwise be worthless. These wells now account for 13% of U.S. production...

Author: /time Magazine | Title: SUPPLY: A New Oil Hunt at Home | 1/14/1974 | See Source »

More important, the Government exempted so-called new oil from price control. New oil encompasses both crude from new discoveries and oil that an existing well produces in excess of its output during a 1973 base period. In response, oilmen have sped the pumping of existing wells to their Maximum Efficient Rates* and made greater use of expensive secondary recovery methods, such as injecting water at high pressure into a well. The American Petroleum Institute estimates that as much as 5,000,000 bbl. might be recovered in this fashion. As Wayne Swearingen, chairman of Tulsa's oil-drilling...

Author: /time Magazine | Title: SUPPLY: A New Oil Hunt at Home | 1/14/1974 | See Source »

...these measures can help only in the short run. Proven U.S. reserves now stand at only 36.3 billion bbl., barely a six-year supply at today's rate of consumption, and new discoveries must be made if the U.S. is to achieve anything resembling self-sufficiency in crude...

Author: /time Magazine | Title: SUPPLY: A New Oil Hunt at Home | 1/14/1974 | See Source »

...famous movie star (Ellen Burstyn) and her daughter are on location in the Georgetown section of Washington, D.C., when the daughter is possessed by a raging demon-the Devil himself. To depict the permutations of this evil spirit, Director Friedkin and Writer Blatty go in for cheap shocks and crude novelty. There are gruesome details of an encephalogram being taken on the girl in search of some physical origin for her symptoms; there are also scenes showing her genitals being maimed with a crucifix, copious vomiting, a cacophony of obscenities and miscellaneous bestiality...

Author: /time Magazine | Title: Cinema: Beat the Devil | 1/14/1974 | See Source »

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