Word: crude
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...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...
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...
Mexican tires are "made of guayule rubber, with small amounts of Brazilian crude...
...encourage oil production in the Eastern States-and thus get more oil where it is needed most-OPA lifted Pennsylvania grade crude-oil prices 25? a bbl. (about 10%). To offset higher transportation costs (by rail instead of tanker), OPA also approved a ½?-a-gallon boost in Atlantic coast retail gasoline prices (except in Florida and Georgia...