Word: crude
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Dates: during 1940-1949
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...oilmen and their Government are looking toward the day when the Western Hemisphere will be little more than self-sufficient in oil, if that, and the rest of the world will in the main be supplied from the Middle East. Drilling in that region is so easy that crude costs only one-third to one-half what it does in the U.S. More, this reversal of the oil flow is also geographically feasible: Melbourne is almost equidistant from California and Arabia; the Mediterranean outlets of the Middle East are no farther from the eastern seaboard of the U.S. than...
...plant. Butyl production is still negligible. The U.S. can still use Du Pont's neoprene (production: 49,000 tons yearly) for tubes. But the military long ago grabbed the lion's share of that. This left, as the only tube alternative, Buna S, mixed with the priceless crude rubber from the shrinking stockpile. On this basis the U.S. can afford few tubes...
Shortly before dawn the battalion commander, burly Lieut. Colonel John Toffey, stopped his men at an abandoned farmhouse and set up his command post there. The medics took over the crude workshop, and began unpacking packages and plasma bottles in the dark. The Colonel ordered most of the men into the long, smelly stable for safety, but sat himself down at the rear of the building with a portable radio...
...International Rubber Regulation Committee, with almost nothing left to regulate, last week decided on a new course - cooperation. IRRC's life expired on Dec. 31. But the Committee, created in 1934 by Dutch, French, Siamese, British and Indian Governments controlling over 95% of the world's crude rubber production, refused to die. It extended its feeble life for four more months, during which time it proposed to reincarnate itself as a "more widely representative committee for consultation and collection of information." Rubber-consuming countries (such as the U.S.), which were kept on the sidelines in the years when...
...named Leo Ranney, beamed triumphantly at his guests. His oil mine had got off to a good start. If it lived up to its beginnings, Ranney had hit on a simple way to make old oilfields gush again. Pennsylvania's old wells, though they still yield the richest crude oil in the world, have slowed down to an average of less than half a barrel a day from each well. From his single shaft at Franklin, Ranney expects to get more than...