Word: caped
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Dates: during 1950-1959
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...detour would be loans to pay for U.S. oil imports, not gifts. Furthermore, Nasser was so far proving disconcertingly able to run the canal by himself. As long as the canal remained open, the smaller nations were unwilling to shoulder the extra cost of sending their ships around the cape. Scandinavia, West Germany and Italy were unhappy at the thought of jeopardizing their trade with the Arab world. Most argued that a boycott would cost them more than it would cost Nasser...
...routing tankers 11,254 nautical miles around the Cape of Good Hope from Persian Gulf ports to Western Europe. The trip would require more than 30 days, as against the 12-or 13-day journey through the Suez and Mediterranean...
...Suez Sea Lift calls for moving some 800,000 bbls. of Middle East oil daily around the Cape of Good Hope-a schedule that U.S. planners consider well within reason. The other 400,000 bbls. would come from increased Western Hemisphere production, most of it from the U.S. Current U.S. production stands at about 7,000,000 bbls. a day-with an available productive capacity of 2,000,000 more. The Venezuelan government last week announced that it stands ready to shove up its oil production by 500,000 bbls. daily (U.S. experts believe, however, that 200,000 would...
...accounts elsewhere. U.S. ships have been paying most of what the Egyptians have been collecting-under protest. Skeptical insurance firms hiked rates for ships transiting Suez by 150%. Lloyd's of London reported at least a dozen ships diverted from Suez to make the long voyage around the Cape. One bad slip and the canal could be closed for days...
...charges of spying against Egypt. The British embassy announced that 1,400 nationals, including half its staff's dependents, had been evacuated from Egypt "because of the present grave situation." The Orient Line shifted three liners from the Suez route to sail the long way around the Cape of Good Hope. In a saber-rattling speech that old Socialist, France's Foreign Minister Christian Pineau, compared Nasser to Hitler and demanded "a very clear will to use force...