Word: bbl
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Dates: during 1940-1949
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...companies with low inventories, who must maintain their competitive positions, the reverse is true: almost any way of acquiring more well-aged whiskey stocks makes sense. Example: Seagram is the No. 1 North American liquor company in sales. But even after buying up Frankfort's 400,000 bbl. of whiskey its total inventories of around 1,300,000 bbl. leaves it well behind Schenley, with 2,000,000 bbl., and barely ahead of National's 1,250,000 bbl. (Hiram Walker, fourth in the Big Four, trails with some 900,000 bbl...
Writing in the September issue of Mining and Metallurgy, Humble's president struck a comprehensive, up-to-date balance sheet on oil. Crude requirements from domestic sources, now about 4,150,000 bbl.* daily, will reach an alltime peak of 4,400,000 bbl. in '44, which exceeds estimates of the maximum amount the U.S. can produce efficiently by 130,000 bbl. a day. This is an increase in daily demand of 525,000 bbl. in three years...
Book Balancing. Gasoline rationing is saving 500,000 bbl. of gasoline daily. Theoretically this means a saving of 1,250,000 bbl. of crude a day, and the U.S. would seem to have more than balanced its oil books. Actually, Humble's president finds that the books are far out of balance. His reason: "Drastic changes have occurred in refinery operations in order to supply aviation gasoline, materials for the synthetic-rubber program and other war products. . . . The yield of motor gasoline has been reduced over 500,000 bbl. daily...
...those gloomy facts & figures, Petroleum Administrator for War Harold L. Ickes last week added his own black-bordered warning: The armed forces are now using 600,000 bbl. of gasoline of all types daily, will up their requirements next year to 37½% of all gasoline produced east of the Rockies...
...East's oil shortage suddenly grew desperate. Weather and war were the prime causes. Midwestern floods (see p. 20) washed out rails, covered highways, broke the Big Inch pipeline near Little Rock, Ark., cutting off a flow of some 200,000 bbl. per day. Meantime black-market sales were draining away thousands of barrels a day for illegal use. Passenger motoring was on the rise. Farmers were rushing to finish weather-delayed spring planting; tractors began to run dry from Maine to Virginia...