Word: bbl
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Dates: during 1940-1949
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...encourage oil production in the Eastern States-and thus get more oil where it is needed most-OPA lifted Pennsylvania grade crude-oil prices 25? a bbl. (about 10%). To offset higher transportation costs (by rail instead of tanker), OPA also approved a ½?-a-gallon boost in Atlantic coast retail gasoline prices (except in Florida and Georgia...
Since Pearl Harbor, Eastern oil stocks have dropped 2,000,000 bbl. a week; now they total only 50,000,000 bbl.-about a month's supply in normal times. The oil shortage now, as it was last fall, is really a transportation, shortage, but this time it is acute. At the peak of last fall's oil scare, about 20% of the 300-odd tankers that usually ply the Atlantic Seaboard were on loan to Britain. Now tanker service has been chopped 45%, partly because of submarine sinkings, partly because of restrictions on tanker movements to prevent...
This bottleneck would require much more drastic rationing than is yet in prospect, if the railroads had not come to the rescue.* Year ago the rails hauled practically no oil to the Atlantic Seaboard and last October they hauled only 141,000 bbl. a day. Last week they hauled 435,000 bbl. daily-a new all-time record and 40% above the rosiest estimates...
...last month oilmen tried again for a West-East pipeline, got turned down as they did last fall, because the pipeline they wanted required 500,000 tons of scarce steel plate. But they refuse to quit, still want a fat 21-inch pipeline to move 250,000 bbl. of oil daily-about 17% of normal East Coast oil demand. The transportation cost: ¾? a gallon...
...sends its tankers elsewhere, the East Coast, which uses about 1,600,000 bbl. of oil every day, will have to depend on tank cars (now bringing in 257,000 bbl. daily), pipelines, barges-and rationing. Even the 250-odd tankers planned for 1942-43 delivery will probably join the Allies' long, long supply lines to the other sides of the world...