Word: crude
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Dates: during 1940-1949
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...figured the sources of United Nations' supply for 1942 as: 706,000 long tons in the U.S. stockpile of which the President spoke; 453,000 tons of new crude (less losses from sinkings); 28,000 tons of synthetic production in the U.S.; 54,000 tons of synthetic in Russia. Total stores: 1,241,000 tons...
...that submarines had driven East Coast tankers into port, and that tankers had brought in 90% of the oil supply. The railroads were hauling valiantly, pipelines were slowly gurgling oil east at their three-mile-an-hour rate. But they brought east only 900,000 barrels of crude oil a day, when the daily need was some 1,265,000 barrels...
Stop-gap arrangements were being hurried. The White House approved the building of wooden barges to carry crude oil on inland waterways from Florida. A House committee approved a bill for a pipeline from Florida's west coast to Jacksonville, another for improvement of a Florida barge canal. Harold Ickes announced that a beginning had been made on relocation of two existing pipelines, which would send an additional 25,000 barrels daily to the East by July 15. But real relief would be a major transportation operation-and that...
Three years ago Mussolini was still popular in Italy. Today, said Matthews, he is the butt of crude jokes. More cynical than Anglo-Saxons, the Italians scorn Mussolini for the unforgivable Italian sin: making a fool of oneself. On May 9 their attitude was bored or ominous silence when Mussolini stalked to the reviewing stand on the Via Impero to celebrate the tragic farce of African Empire...
...losses (and for rationing) is the tanker shortage. The big shift from water to land transportation has quadrupled oil freight costs or worse, accounting for $100,000,000 of the loss. (The rest comes from reduced refinery volume, etc.) Secretary Ickes last week told how the oil companies bought crude in Texas for 85? a bbl., paid $1.65 rail shipping costs, then sold it at a price-fixed $1.80 for a net loss of 70? a bbl. Atlantic Refining showed first-quarter profits of only $1,237,000 ($2,600,000 a year ago), explained that delivery costs per barrel...