Description - Mineral Resources of the United States Volume 1901 by United States Bureau of Mines
This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1902 Excerpt: ...be made up by drawing upon the stocks. Stocks on hand at the close of 1901 showed a decrease of 3,840,056 barrels, showing a difference of 449,450 barrels, which amount is passed to the credit of sediment and surplus account. This is maintained by the pipe-line companies in order to make up any losses that may occur by the formation of scale, sediment, or paraffin, or by the accumulation of water, which settles to the bottom of the tanks, forming a composition known as B. S., which is unsalable at the prices of fresh petroleum. ToUil shipment of petroleum in the Appakwhimi oil field from 1894 to 1901, induxire, by months. Barrels of-12 gallons. Total shipment of petroleum in the Appalachian oil field, etc.--Continued. STOCKS OF PETROLEUM IN THE APPALACHIAN FIELD. In the following table are given the stocks of petroleum in the tanks of the pipe-line companies in the Appalachian oil Held at the close of each month for the past eight years: Total stocks of petroleum in tlie Appalachian oil field at the close of each month from 1894 to 1901, inclusive. Total stock of petroleum in the Appalachian oilfield, etc--Continued. The year 1901 shows a gradual decline in the amount of crude petroleum held in stock, amounting to 3,840,056 barrels, in the Appalachian field. If this amount be added to the production of the field during the year it makes the consumption 37,458,227 barrels, the largest on record. It will be noticed that the smallest amount of stocks in any one year since 1894 was in 1895, when there were but 5,344,784 barrels carried over in iron tanks by the pipe-line companies. PRICES OF CRUDE PETROLEUM IN THE APPALACHIAN FIELD. The average prices cover the ordinary grades of oil. They do not include special oils, such as that from the Franklin lubricating ...
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