Word: tankerous
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...Alemán's more lucrative changes was creating different cargo classes for toll charges (container, tanker, passenger, etc.), which has had the dual effect of augmenting revenues while presenting users with a fairer fee structure. The new authority also designed a more efficient transit-reservation system: a canal passage that often entailed a wait of several days at the canal's entrance a decade ago takes less than a day now, increasing throughput...
...standing monopoly on delivering Caspian Sea oil to world markets, though the pipeline does not cross its own territory. The plan was to lay an additional pipe across the Caspian seabed to Azerbaijan's capital, Baku, but Russia protested, citing potential ecological damage. So Kazakhstan ships oil there by tanker...
...standing monopoly on delivering Caspian Sea oil to world markets, though the pipeline does not cross its own territory. The plan was to lay an additional pipe across the Caspian seabed to Azerbaijan's capital, Baku, but Russia protested, citing potential ecological damage. So Kazakhstan ships oil there by tanker. The country's new oil wealth is spreading throughout its region and beyond. Its big businesses are buying land and building hotels along Georgia's posh Black Sea coast and in Moscow, purchasing big banks and companies in Siberia, and investing in the telecommunications network of Nepal. Kazakhstan...
Next, there is oil. The Persian Gulf, a traffic jam on good days, would become a parking lot. Iran could plant mines and launch dozens of armed boats into the bottleneck, choking off the shipping lanes in the Strait of Hormuz and causing a massive disruption of oil-tanker traffic. A low-key Iranian mining operation in 1987 forced the U.S. to reflag Kuwaiti oil tankers and escort them, in slow-moving files of one and two, up and down the Persian Gulf. A more intense operation would probably send oil prices soaring above $100 per bbl.--which may explain...
...inventories of 321.4 million bbl., stockpiles are above average for this time of year, according to the Energy Department. The major Gulf Coast pipelines were up and running by the end of last week, albeit at reduced capacity. The Louisiana Offshore Oil Port, the nation's only deep-water tanker port, unloaded its first cargo since Aug. 27. Still, some analysts predict that disruptions in the supply chain mean motorists will be in for several more months of $3 gas or worse. "The only thing we can hope for is an amazing amount of conservation," says Houston oil analyst Matt...