Word: oilmen
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Petroleum Coordinator Harold Ickes sent oilmen reeling this week. He asked them to turn over 100 more tankers to the British, 25 of them immediately. With the 50 tankers already turned over (TIME, May 26), that will cut the U.S. coastwise tanker fleet by 40% to 200 vessels. It means the Atlantic seaboard gasoline famine is closer and graver than ever...
Kept in the dynamite box by the Army and Navy for a month, a report to OPM by a committee of 25 top oilmen, released last week, told how the East might cope with Harold Ickes' threat of "gasless Sundays" (TIME, May 26). Chief conclusion: there is a shortage of tankers, which will make the shortage worst this winter, but it will be almost over by next summer. Meanwhile there are ways to alleviate...
...Association of American Railroads President Pelley's contention that the industry should yank 20,000 idle tank cars off sidings, the oilmen replied that these cars were a normal reserve required for coming peak movements. They questioned whether the railroads had the motive power to haul any more tank cars, and suggested that a better solution was to use present equipment more efficiently, and to use more tank trucks on short hauls...
...Oilmen, who have drilled from Baku to the Barco, are internationally minded. Most pertinent fact about last week's report was its treatment of the oil shortage as a hemisphere problem, with hemispheric cures. It blandly pointed out, for example, that there are plenty of Italian, German and Danish tankers idle in this hemisphere-"aggregating about 50,000 deadweight tons in Venezuelan ports and 80,000 deadweight tons in Mexico-it should also be noted that there are about 100,000 deadweight tons of French flag tankers at Martinique." These ships (in addition to 50,000 Axis tons...
...possible this week that the oilmen and the automen might not comply. This would be the first direct challenge of the authority behind Henderson's price ceilings, which he himself describes as mere "jawbone control." If his jawbone ceases to control, Henderson will go to Congress, ask for specific price legislation, expects...