Word: bbl
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...Turkey and Iran, others in Sweden, England, Canada, Alaska, Hawaii and Colombia. San Francisco's Bechtel Corp. has been in Venezuela building the Cerro Bolivar iron-ore development (TIME, June 1) for U.S. Steel, is now on the other side of the world building a 100,000-bbl.-a-day oil refinery in Aden for the Anglo-Iranian...
...runs. ANHEUSERBusch, which opens - its new $15 million Los Angeles brewery (TIME, Oct. 26) this week, is also looking for a bigger share of the Gulf Coast market. It is buying a 150-acre tract at New Orleans, will build a $20 million brewery with a 1,000,000 bbl.-a-year capacity...
INDUSTRY Collusion or Costs? When major oil companies raised the price of crude oil 25? a bbl. last month, and retail price increases for gasoline and home-heating oils followed. New Jersey's Republican Charles A. Wolverton, chairman of the House Committee oh Interstate & Foreign Commerce, let out a yell...
...basin, the oil companies are already spending an estimated $100 million a year. A Standard of Indiana subsidiary is planning a pipeline to Mandan, across the Missouri River from Bismarck, and Standard itself will build a 15,000-bbl-a-day refinery. Amerada will have to put up a multimillion-dollar plant to take natural gasoline out of the gas now being "flared" (i.e., burned) at the well. Enthusiastic businessmen predict that a prairie empire of chemicals and synthetics, rivaling the Gulf Coast's, will rise from these new sources of raw materials. So far, lack of transportation...
...soon. In London, Basil R. Jackson, Anglo-Iranian's deputy chairman, said: "They're just going to have to learn from bitter experience that they can't handle it [operating the fields and the refinery]." Abadan was already slowed down to 45% of its 500,000-bbl. daily capacity. Another 20 days, even of reduced output, and the tanks would be full and the great shutdown would come. Reluctant to finally slam the door, the British delayed their departure from hour to hour...