Word: crude
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Even as Venezuela makes the tricky passage from dictatorship to democracy, pressure mounts in the U.S. Congress for a measure that would deal Venezuela a hard economic blow. U.S. crude-oil import restrictions, now on a voluntary basis that has already pinched Venezuela painfully, may be tightened and made mandatory. Unless all Venezuela understands the facts of the dropping oil market, restrictions may seem like U.S. disapproval of Venezuela's democratic trend...
...drop-off in Venezuelan oil production since the Suez-crisis peak of 2,900,000 bbl. a day, the slump in the world market accounted for about 10%, U.S. voluntary restrictions for only 4%. ¶ In the same period, politically powerful Texas' output has dropped 18%. ¶ Crude prices in the U.S. have shaded off 10? to 25? from the Suez high of $3.25 per bbl., might skid fast if any producer insists on flooding the market...
Last week the talk of literary Germany was a Darmstadt professor's painstakingly documented debunking of that myth. The crude myth of the racist Nietzsche, argued Professor Karl Schlechta in his new edition of the seer's works, was the consciously perpetrated fraud of his sister, guardian and sole literary executrix, the late Frau Elisabeth Förster-Nietzsche...
Texas independent oil producers, hard-hit by the growing U.S. oil surplus, took stern measures to end their troubles. At their request, the Texas Railroad Commission last week cut back the state's crude production for March from an eleven-day-per-month operating rate to nine days-the lowest rate ever set by the 28-year-old commission. The flow of oil from Texas' 182,000 wells will be cut by 513,814 barrels daily...
Despite a hard winter, stocks of heating oil are still far above last year's level; gasoline stocks are at an alltime high. Refiners in Oklahoma and Texas have been forced to cut crude prices, and pressure is building up for a further slash in Oklahoma allowables. Domestic producers blame the situation on heavy imports, but importers are complaining that their quotas under the Government's voluntary-import quota program are not high enough to enable them to operate efficiently. While imports of petroleum and oil products reached a record high of 1,897,500 bbl. at latest...