Size of an Oil Barrel
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Posted Thursday, March 24, 2005, at 6:11 PM ET
Oil prices have dropped to less than $54 per barrel, on the news that the United States has 309.3 million barrels in its inventory.* Barrels? Do oil companies really put oil in barrels?
[...]
The 42-gallon barrel is still a standard unit of measurement in the oil industry, though. Other units, such as cubic meters or imperial gallons, can be converted to the U.S. barrel fairly easily. For all of these measurements, care must be taken to correct for the effects of temperature, which can cause oil to expand or contract.
Though barrels may be close to extinct, companies still ship some oil in 55-gallon steel drums. (Volumes for these are still given in 42-gallon "barrels.") The steel drums used in calypso music are made from these 55-gallon containers. The first appeared in Trinidad, shortly after the end of World War II.
[...]
Posted Thursday, March 24, 2005, at 6:11 PM ET
Oil prices have dropped to less than $54 per barrel, on the news that the United States has 309.3 million barrels in its inventory.* Barrels? Do oil companies really put oil in barrels?
[...]
The 42-gallon barrel is still a standard unit of measurement in the oil industry, though. Other units, such as cubic meters or imperial gallons, can be converted to the U.S. barrel fairly easily. For all of these measurements, care must be taken to correct for the effects of temperature, which can cause oil to expand or contract.
Though barrels may be close to extinct, companies still ship some oil in 55-gallon steel drums. (Volumes for these are still given in 42-gallon "barrels.") The steel drums used in calypso music are made from these 55-gallon containers. The first appeared in Trinidad, shortly after the end of World War II.
[...]
posted by TheFuriousGourmet | 5:10 AM
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