Word: oilmen
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Meanwhile, oilmen have pushed plans to increase the U.S. pipeline network, which carried only 7% of the East's oil last year. In that effort they have lost valuable time bucking the railroads, who lobby against pipelines just as resolutely as they used to wreck them in the oil wars of the '80s. Their most successful lobby is in Georgia. Pure Oil and Gulf, trying to run a line from Port St. Joe in Florida to Chattanooga, laid pipe on much of the route, but could not get permission to close the gaps across the railroads' rights...
...barrels a day (enough to fill 1,000 tank cars) to the railways. Shipping costs are 1.25 mills per ton mile by tanker, 3.2 mills by pipeline, 8.3 mills by rail. Pipelines cannot move all types of petroleum products, could not carry all the extra load anyway. Oilmen began worrying at once about moving next winter's fuel-oil requirements in the East...
...Ching, director of industrial and public relations for U. S. Rubber, who in 30 years of dealing with labor has consistently urged moderation, cooperation; Walter Clark Teagle, chairman of the board of Standard Oil of N. J., a top-notch production man with a knack for getting on with oilmen; Eugene Meyer, millionaire publisher (Washington Post), ex-governor of the Federal Reserve Board. Bernard Baruch's financial right hand on the War Industries Board, ex-chairman of RFC, "Butch" to his irreverent workers; and Roger Dearborn Lapharn, chairman of the board of American-Hawaiian Steamship Co., director...
...Curious oilmen discovered some fishy business about this deal. So, as it turned out, did Mexico's President Cérdenas...
...statistics. Despite Hitler's elimination of many a U. S. market in Europe, Department of Commerce figures placed U. S. exports for the first six months of 1940 at $2,067,000,000, up 46% over 1939. Export losses by farmers, oilmen, automakers were more than offset by increased Allied purchases of steel, machinery, aircraft...