Word: exporting
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...some of the facts contradicted the independents' argument. To begin with, the biggest surpluses were in the eastern and midwestern oil districts that export very little oil. District Three, however, including Louisiana and Texas-the biggest exporters-showed a storage drop from 121.3 million bbls. in September to 99.7 million in December. Moreover, since only about a third of total stocks are what is called "readily dispatchable" crude (the rest is filling the pipelines or the bottoms of tanks), the 21.6 million bbl. storage decline between September and December was highly significant. It meant that over half the readily...
Shortage for Europe? At the Commission hearings, big exporters argued that shipments to oil-short Europe were already being restricted. Humble Oil, subsidiary of Jersey Standard and the biggest producer and oil-buyer in Texas, testified that it could supply only 165,500 bbls. of a 300,000 bbl. order from Esso Export. W.C. Connel of the B.P. (British Petroleum ) Trading Co. wired that British companies wanting to buy 3,000,000 bbls. on the Gulf Coast were forced to divert their tankers around Africa to the Persian Gulf because "there is no assured supply of crude...
...their prosperity, Canada's consumers and businessmen developed a tremendous foreign-buying urge. They spent a record $5.8 billion outside their country for consumer goods and industrial equipment, running up an import bill that was a full $1 billion higher than the country's export earnings. Such a trade deficit could have been ruinous to a less prosperous country, but Canada took it in stride: the heavy flow of foreign (mostly U.S.) investment offset the drain on gold and dollar reserves. As the year ended, Canada's currency position was so strong that the Canadian dollar rose...
...effect. The pound steadied in the London money market, rose from $2.78¼ to $2.78⅝ Speculators who had been selling the pound short in the belief that it might be devalued, began withdrawing from the attack. Further indirect support is almost certain in the shape of a U.S. Export-Import Bank loan, possibly as high as $700,000,000, to help finance Britain's foreign trade...
Died. Herbert Earle Gaston, 75, onetime (1939-45) Assistant Secretary of the Treasury, later (1949-53) head of the Export-Import Bank; in Los Angeles...