Word: bbl
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Dates: during 1940-1949
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...joined the Young Republican Club." The boss of one of the biggest U.S. soft-coal producers went into the oil business. With California Oil Co., a subsidiary of Standard of California, Pocahontas plans to spend about $1,500,000 building an oil terminal at Portland, Me. The 192,000-bbl. terminal will be supplied by Cal-Standard tankers...
Current U.S. consumption is 5,346,000 bbl. daily. Refinery output, because of inadequate transport for crude, is down to 4,662,000 bbl. a day. The Armed Services are also pinched...
...chiefly because the oil companies: 1) get a better price from motorists than from bulk sales to the Government, and 2) are in a competitive "brand name" fight for the U.S. market. To eke out its supply, the Navy plans to import an extra 3,400,000 bbl. from the Persian Gulf...
...looked sourly on heavy export of oil from the Americas. One other prod to the deal was given by Ibn Saud. As oil and pilgrimages to Mecca are his chief sources of income, he has long awaited increased exploitation of his lands to boost his royalties of 22? a bbl. Shrewd old Ibn Saud also knows that more production means more American capital in Saudi Arabia and more work and good wages for his impoverished Arab subjects.* Help for the U.S. Arabian-American can use some financial help to exploit the Arabian pool. It has already spent an estimated...
...Mohammed was born); 2) his revenues from a great oil concession granted twelve years ago to the principal U.S. agency in his country, the Arabian-American Oil Co. (owned fifty-fifty by Texas Co. and Standard Oil Co. of California). The company is just getting substantial production (57,000 bbl. daily) and should do very well with or without the projected U.S. oil line across Saudi Arabia to the Mediterranean...