Word: bbl
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...strike in the gaudy history of Texas has inspired more plundering than the 43-mile East Texas field first tapped in 1930 and still credited with more reserves (3 billion bbl.) than any other in the nation. It was to stop East Texans from pumping oil out of their wells faster than U.S. consumers could use it that Congress in 1935 passed the Connally Hot Oil Act.* Last week, state investigators-with 30 Texas Rangers on hand to protect them from reprisals-were turning up case after case of outright piracy in the East Texas field. It was done with...
Following the customers onto the highways, the S.P. runs a fleet of trucks that rang up profits of $900,000 for the first half of 1961.* Under Russell, the S.P. has also built, for $60 million, more than 1,500 miles of pipelines that move 26 million bbl. of oil products yearly from California to points as far east as El Paso. The railroad even sells airline tickets from its own far-flung ticket counters, and now Don Russell is petitioning the ICC for permission to buy a 50% interest in the John I. Hay barge lines on the Mississippi...
...testify that Paiewonsky had once imported Cuban rum and transshipped it to the U.S. mainland falsely labeled as Virgin Islands rum, thereby dodging $1,000,000 in taxes. "He's totally unfit for any position of public trust," concluded Brauer. Answered Paiewonsky: he had indeed bought 5,000 bbl. of Cuban rum, but had never shipped...
...chiefly as a marketing company in 1933 when Socony was overloaded with facilities for selling oil but short on reserves, and Jersey Standard had plenty of oil but not enough outlets. Over the years Stanvac developed oil production of its own, now has well capacity of 84,000 bbl. a day and refinery capacity of 293,000 bbl. a day. Last week's decree does not affect production and refining facilities, which may still be jointly owned, but only Stanvac's marketing operations. These will be divided between the parent companies, and both oil firms last week joined...
Shortage Insurance. In its separate consent decree, Gulf agreed to set aside 100,000 bbl. of oil per day for ten years from its production in Kuwait for sale to independent oil companies. Gulf has always sold to independents, and the Government's requirement is really only an insurance policy for the independents should an oil shortage arise...