Word: bbl
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Dates: during 1940-1940
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...Manzanillo, Mexico-on Mexico's Pacific shore almost due west of Mexico City-the 6,892-ton armed merchant cruiser Prince Robert closed in on the 9,179-ton North German Lloyd freighter Weser and took her prize. Aboard the Weser was a fishy cargo: 19,000 bbl. of fuel oil, 600 bbl. of lubricating oil, 15 live steers, a large stock of fresh vegetables and a "lot of miscellaneous stuff." Her clearance papers were not in order. Mexican officials, who thought that the vessel was headed either for a supply rendezvous at sea, or for Vladivostok, whence...
Prices were $7~$8 a barrel ($1 a bbl. above 1939), might hit $9. From 1935 to 1938 they had sagged as low as $5.50. Before that (1931-35) they had been unspeakable. Time was (before 1924) when oysters were the No. 1 U. S. cash seafood product. Now topped by salmon and tuna, the industry, which employs some 66,000 workers, harvests an average 16,300,000 bushels of oysters annually...
...first six months of the war) and scrap iron. But her purchases of oil were another matter. Allied optimists have counted on Italy's being short of oil, hoped she would prove a drain on Germany if she joined up. In 1938 Italy bought 6,750,552 bbl. of U. S. crude; in 1939, 4,984,809. But in the first four months of 1940 her imports slacked off to 1,330,140 bbl., a rate of less than 4,000,000 bbl. a year. Nevertheless, she was getting lots of oil. Her new source: Mexico, which...
...problem: how to get their domestic supply in hand. For months the U. S., which last year produced 62% of the world's oil, has turned out more gasoline than it can sell or use. Last week's tabulation set the inventory glut at 102,452,000 bbl., up an astonishing 44% from last year's none-too-low September bottom, down only .4% from a record top the week before...
...tabulated their seismographic readings and quietly reported that there was OIL. Pure Oil's hand was tipped to other operators early in 1937 when it began to buy up Illinois leases. Today Illinois is the No. 3 U. S. oil-producing State. Her daily production (around 430,000 bbl.) is more than enough to satisfy the estimated present needs of France and Britain combined. It is around 30% of Texas' output, 70% of California's, 105% of Oklahoma's. Scrambling in a devil-take-the-hindmost race to get the oil out of the ground, Illinois...