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The oil depletion allowance in American (US) tax law is a tax break claimable by anyone with an economic interest in a mineral deposit or standing timber. [citation needed] The principle is that the asset is a capital investment that is a wasting asset, and therefore depreciation can reasonably be offset (effectively as a capital loss) against income.
1915: A classification system is developed by the tank-car industry to ensure the correct match of car type to product being shipped. Some 50,000 tank cars are in use. 1930: 140,000 tank cars transport some 103 commodities. 1940s: Virtually every tank car is engaged in oil transport in support of the war effort.
Diagram showing construction of the DOT 117 tank car. The DOT-117 (TC-117 in Canada) is a type of unpressurized tank car in use on North American railroads. The DOT-117 design was developed in the aftermath of the Lac-Mégantic rail disaster of 2013 in an effort to upgrade the specifications of the then-common DOT-111 and CPC-1232 designs. [1]
In 1952, Union Tank established its Canadian subsidiary, Procor. [2] The Union Tank's largest tank ever manufactured was the "Whale Belly", with a capacity for 50,000 gallons. It was introduced in 1963 and served for more 20 years. [9] TransUnion was formed as a holding company in 1968 to hold Union Tank Car Company. TransUnion soon began ...
If you're in the market for a new car, keep in mind that sticker prices don't include the cost of gas mileage -- or maintenance. Sometimes a set of wheels with a modest price tag can be among the ...
A Shell Jet A refuel tank truck on the ramp at Vancouver International Airport. A tank truck, gas truck, fuel truck, or tanker truck (American English) or tanker (British English) is a motor vehicle designed to carry liquids or gases on roads. The largest such vehicles are similar to railroad tank cars, which are also designed to carry liquid ...
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Oil traders, Houston, 2009 Nominal price of oil from 1861 to 2020 from Our World in Data. The price of oil, or the oil price, generally refers to the spot price of a barrel (159 litres) of benchmark crude oil—a reference price for buyers and sellers of crude oil such as West Texas Intermediate (WTI), Brent Crude, Dubai Crude, OPEC Reference Basket, Tapis crude, Bonny Light, Urals oil ...