Word: barreling
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With a capacity for holding and compacting four times more litter than a non-compacting barrel, the “Big Belly” containers reduce by three-fourths the greenhouse gases emitted from vehicle trips to service the new receptacles, according to Gogan...
...During the oil markets' wild ride last year, prices hit an all-time high of $147 a barrel in July before crashing to slightly more than $30 a barrel in December. Now oil futures hover around $70 a barrel - a price that is, finally, just right, according to Ali Al-Naimi, oil minister from Saudi Arabia, which produces about one-third of all OPEC oil. "The market is in very good shape," he told Reuters when he arrived in Vienna on Wednesday, Sept. 9. (See pictures of South Africa's oil-from-coal refinery...
...marks the sesquicentennial of the first oil well, which was drilled in Titusville, Pa. It has been more than a century since any major producer shipped oil in an actual barrel, but the unit has been the industry's standard ever since the overwhelmed Pennsylvania oilmen struck their first gusher. Before U.S. drilling began in 1859, "rock oil" (to differentiate it from vegetable oil or animal fat) was sopped up with rags, wrung out and peddled as a cure for everything from headaches to deafness. Spurred by demand for lamp fuel as whale blubber grew scarce, derricks popped...
...boom took hold and the barrel size was set at 42 gal. (160 L), Pennsylvania's roads became clogged with horse-drawn wagons piled high with the containers, prompting construction of the first oil pipelines (made of wood) and leading 25-year-old John D. Rockefeller to form what became the Standard Oil Co. It eventually controlled up to 90% of U.S. oil-refining until the company was broken up in 1911. (See pictures showing the history of the Exxon Valdez disaster...
...million bbl. With daily world demand at about 85 million bbl., petroleum represents about a third of all international cargo. And even though the commodity is also measured in kiloliters (in Japan) and metric tons (in Russia), thanks to whiskey, the units are always converted to the 42-gal. barrel for trading and selling. (Watch the video "In Ecuador: Oil-Eating Mushrooms...