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Does Oil Really Come in Barrels?

Not anymore.

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Correction, March 25:This story originally stated that the United States has 309.3 billion barrels of oil in its inventory. The figure should have been 309.3 million barrels.

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Daniel Engber (@danengber) is a columnist for Slate. Send him an email at danengber@yahoo.com.

Photograph of barrels on Slate's home page © Royalty-Free/Corbis.