Beer Info FAQ

Why is a barrel 55 gallons?

Why is a barrel 55 gallons?

Rockefeller's Standard Oil, in 1905 Nellie Bly designed a solution to the crummier containers. The unit “barrel” was still 42 gallons while the container was 55, so the 55 gallon steel drum kept being pushed farther and farther away from the industry that invented it.

How much oil is left in the world?

There are 1.65 trillion barrels of proven oil reserves in the world as of 2016. The world has proven reserves equivalent to 46.6 times its annual consumption levels. This means it has about 47 years of oil left (at current consumption levels and excluding unproven reserves).