Word: sloping
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...best bets. Mobil and Exxon are looking in "iceberg alley" off Canada's east coast, and a dozen companies have been aggressively exploring the Canadian Arctic, especially the Beaufort Sea, where significant oil and gas have been found. But in U.S. territory near the famous North Slope fields oil explorers have not sunk many wells because of court actions brought by Indians and environmentalists who are worried about, among other things, disturbing the migration of the bowhead whale...
...Refining Co., which operates a 160,000 bbl.-per-day Puerto Rico refinery, for $650 million. And last week it was completing plans to build a 100,000 bbl.-per-day refinery in Alaska, as well as sewing up the rights to 75,000 bbl. per day of North Slope crude...
...Slope oil. Under the complicated system of fees charged by the DOE, Sohio pays only $17.88 per bbl. for Alaskan oil, compared with $24.81 that various companies pay for crude from other areas. Federal regulations, however, limit Sohio's profits. Result: the company had no choice but to lower its prices. Drivers bludgeoned by high fuel costs naturally raced to buy the cheaper Sohio gas. In some cities early this month, customers were queuing up at 6 in the morning to purchase regular for $1.01, unleaded for $1.05 and premium for $1.08. Sohio's competitors, who under...
...ruling might have on Ohio voters in that state's June 3 presidential primary, expressed their displeasure to DOE. The department then quickly overruled the Office of Hearings and Appeals decision and reversed the reversal. It is now considering two proposals that would raise the fees of North Slope Alaskan crude. Both would hike gasoline prices for refiners like Sohio but would lower prices for others. Meanwhile, Sohio has already raised gasoline prices a nickel a gallon...
...being "entitled" to acquire inexpensive crude. That money is then given back to refiners who import expensive OPEC oil and to refiners who use expensive uncontrolled domestic oil. The program, in effect, subsidizes imported oil at a time when official Government policy is to discourage imports. Though North Slope oil is domestic, the cost of building and operating the Alaska pipeline makes the crude relatively expensive to transport, so the Government treated it as something between domestic and foreign...