A bit tangential, but also make sure not to store your new barrel directly on concrete. Various salts from the concrete will eventually leach through the plastic. A wooden shipping pallet would be perfect, but a single sheet of plywood or even some thick plastic sheeting should do the trick.
Similarly, if the barrel is someplace exposed to a lot of car exhaust or various chemical fumes like in a garage, those gases can slowly leach through the plastic and could impart an off taste to the water. For emergency use, I'd certainly drink the water, but just so you know.
Actually, you should test if your barrel imparts a plastic taste to stored water after a while. If it does, I would try to change the water out fairly frequently until it stops doing that. I'd hate for you to have your emergency water sitting for several years, slowly getting less palatable. The water from one of my emergency plastic containers made me gag from the plastic taste the first time I tasted the water from that particular container during the first refill.
Edit: On second thought, plastic sheeting probably won't do the trick. I was thinking of another situation. Anyway, if salts can leach through that thick barrel plastic, I'm quite certain it can leach through plastic sheeting eventually, too.
Edited by Arney (02/18/12 10:19 PM)