Word: canoles
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
When the Army launched its Canol pipeline-&-refinery project, the price for oil was fixed at $1.25 a barrel (plus production costs). The new price: 20? (plus production costs). Said Under Secretary of War Robert Patterson: "The new agreement is fundamentally a matter of insurance that in the future the defense of the continent will not be endangered as it was early in 1942 by lack of locally produced...
...Canol, which put the U.S. Army in the Canadian oil business, was officially opened this week...
After Pearl Harbor, the U.S. Army had to find fuel to power the big bombers winging north in defense of Alaska and the Lend-Lease planes streaking towards the Soviet Union. Officially the manifold project dubbed Canol was proposed to Canada June 27, 1942, started two days later. First step was to expand Norman Wells, an oil field 100 miles south of the Arctic in the great Canadian Northwest. To get Norman crude to a new refinery at Whitehorse, the Army stretched a four-inch surface pipeline 585 miles across the uncharted, dangerous Mackenzie mountain range. The final link...
...Canol's cost was at least $130,000,000, maybe much more. About the cost and Canol itself, the U.S. has had serious second thoughts. Geologists say that Norman Wells may some day produce from 50 to 100 million barrels. In this field, which the U.S. taxpayer has developed, he has no postwar rights. These revert to Canada and Imperial Oil Ltd., a Standard Oil Co. of New Jersey subsidiary. The truth is that Canol is unlikely to pay any but military dividends...
After Pearl Harbor, U.S. dollars flooded into Canada for the Alcan Highway, airports, the Canol pipeline, huge purchases of grain, aluminum, etc. By early this year, Canada actually had so big a surplus of U.S. dollars that it had become embarrassing to the U.S. Administration. Canada also had her pride. Said Mr. Ilsley in the House of Commons last week: "We always felt that, as a nation , . . free from the ravages of war we were in duty bound to stand on our own feet and indeed to share with the U.S. in assisting other less fortunate of our Allies...