Word: bbl
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Dates: during 1930-1939
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...Last week both the oil and the auto mobile industries had encouraging news about overproduction. Gasoline stocks at refineries had dropped 1,242,000 bbl. to 47,792,000. Crude oil production was down 50,700 bbl. to 2,530,800. Automobile bile dealers recently had under 400,000 cars in stock, only one month's supply. Retail stocks were 23% off compared to June...
Newest method of distributing gasoline-and great current boon to the steel industry-is cross-country piping.* Last week a new Great Lakes Pipe Line Co. (jointly formed by Barnsdall Corp. and Continental Oil Co.) announced it would build a 1,400-mi. line with capacity of 30,000 bbl. daily to connect Barnsdall and Continental refineries in Oklahoma with Des Moines. From Des Moines a four-inch pipe will run through Iowa and Nebraska to Minneapolis and St. Paul. A six-inch line will join Des Moines and Chicago. Another four-inch line will run from Chicago to Milwaukee...
...Texas a committee organized at the request of the Texas Railroad Commission to study oil conditions suggested a reduction of 126,000 bbl. of crude in the State's average daily production. Present daily average is 863,450 bbl. Maximum demand according to the committee is 76,500 bbl. less than the average production...
...Jersey. Vacuum and Standard reasons for merger are that they must face severe competition in New England and New York from Sir Henri Deterding's Royal Dutch Shell Oil. Testimony showed that Shell's 1929 sales in the district were 7,175,241 bbl. of 42 gal. each. Combined Standard and Vacuum 1929 sales in the same district were more than 17,500,000 bbl. of 50 gal. each...
...good for the fake oil promoter, the most contemptible human rodent that ever breathed God's pure air." "We have the greatest oil pool in Texas." Ignorant "investors" lost $4,000,000 in the scheme. Where Dr. Cook claimed to have two great gushers producing 20,000 bbl. per day, the U. S. at his trial showed that from all his wells not ten barrels per day could be pumped. The sentencing judge compared him to Ananias and Sapphira...