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  • n  any of various units of capacity

  • Ready for oil shock?A decade after the Arab oil embargo caused panic at the nation's gas pumps and sent the price of oil soaring from $3 per bbl.
  • Skeptics ask if the 20-billion-bbl.
  • In the non-Communist world, consumption fell from 48 million bbl.

  • Ken Salazar in Oil & Gas Journal
    Experts have testified this week before Congress that the explosion of speculation in the oil futures market could be driving up prices from $20[/bbl] to $60/bbl. Oil speculators are making money by betting against the American consumer at the... Nancy Pelosi Oil & Gas Journal Jun 26, 2008 8666 12314 bbl Our dependence on foreign oil is as much a dependence on the countries that directly supply our oil as it is a dependence on the markets and forces that can, in a 6-month period, drive oil up to $147/bbl and then down to $45/bbl. It is a dependence...
  • Jean-Jacques Rousseau in Oil & Gas Journal
    Jacques H. Rousseau, an analyst at Soleil-Back Bay Research, said, "Refined product inventories (gasoline plus distillate plus jet fuel) fell 3.3 million bbl (0.8%) last week due to lower supply. Refiners continued to operate at very low levels...

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