Word: crude
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...Received a letter from President Roosevelt urging enactment of a bill providing for condemnation of rights of way across ten States which would supply Middle Atlantic refineries with crude oil for finished petroleum products. Purpose of the bill: to relieve pressure on the railroads. The Atlantic Coast's congested defense areas now depend for their petroleum on tankers plying between the Gulf Coast and Middle Atlantic ports. When the ships are moved into transocean lanes, the railroads must supply the oil. Therefore, argued Mr. Roosevelt, build the pipelines...
...only sound near the top of 10,000-ft. Mount Alagi one morning last week was the chink of a chisel on stone-two workmen were carving a name into a crude headstone. Most of the graves were marked only by rough wooden crosses, hacked from ammunition boxes; beside each cross was a half-buried wine bottle, with the deceased's identification papers crammed in. The workmen, glad to be alive, chipped somberly among the graves of men who had done their brave best...
Germany's total output of oil products, including both imports and synthetic production, is thought to equal only 5% of U.S. production of crude oil, though no one knows exactly how much synthetic fuel she produces. In synthesis, it is easiest to produce gasoline (composed of lighter, simpler molecules), harder to produce fuel oil, hardest to produce lubricating oils and greases. For this reason, while Germany is moderately well off for gasoline, she is thought to be desperately short of the heavier oils. This would explain her eagerness to lay hands on every possible field of natural petroleum...
Many wild orchids from Colombia for the Air Express edition of TIME ! I have been gathering crude rubber in the Amazon, eating beefsteaks in the Argentine, climbing the Andes, and picking coffee in Colombia during the past four months-writing a get-acquainted series of articles for our Midwestern farmers on how our Latin American neighbors live, what they grow, and how they grow it. That has brought me up to date south of the border, but behind the times back home. That is, until I got the Air Express edition of TIME which enabled me to sit down...
...cost by tanker. Admittedly, they can't fill the hole. The oil companies, which own most of the pipelines anyway, have therefore turned to pipelines. To avert exhaustion of its eastern stocks, Standard of New Jersey last week started pumping 27,500 barrels of Texas, Arkansas and Louisiana crude a day via Tulsa and southern Illinois to its New Jersey refinery, 1,700 miles in all. The cost of this overland routing is 60? a barrel, against 21? or less by tanker. The rail rate would be about $1.80. Such cost increases make Leon Henderson's price-holding...