Word: oilmen
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...Britain will maintain her oil supply no U. S. oilmen knew for sure last week. With Norway's tanker fleet to add to her own, she may well run shipments from the Iranian fields around the Cape of Good Hope, stand the extra expense of the long haul rather than spend exchange in the Western Hemisphere. But Standard Oil's (N. J.) big refinery in Aruba, Royal Dutch Shell's huge plant in Curaçao, both in the Dutch West Indies, with a haul almost three times shorter to British ports, may also be in line...
...accommodations included artificial tree trunks. > New York Timesman Harold Denny's wife and her dog, which understands Russian only; beauteous Mrs. Eric Sevareid, wife of CBS's Paris correspondent, and her month-old twins; a weeping woman who had to leave her Norse husband and two children; oilmen from Russia, the Balkans, Arabia; swarming European-Americans in third class who gabbled in Italian, Norwegian, Danish; enough black-tied plutocrats, equally scared, to inspire Captain George V. Richardson to dub his cargo "refugees in dinner coats"; seminarians from the North American (Catholic) College in Rome, relaxing in sport clothes...
...ships and tankers bearing oil from the Near East to get out of the Mediterranean and stay out (see p. 30). Intransigent Mexico made a deal with big-chinned Harry Ford Sinclair (see p. 42) cracking the anti-expropriation front of the U. S. oil industry. Yet U. S. oilmen, whose troubles are their own, did not expect either of these events immediately to help or hurt them much. For Britain, which can at any time add the better part of Norway's fleet of 272 tankers to her own, can haul its Near East oil around the Cape...
What concerned U. S. oilmen last week was a purely domestic problem: how to get their domestic supply in hand. For months the U. S., which last year produced 62% of the world's oil, has turned out more gasoline than it can sell or use. Last week's tabulation set the inventory glut at 102,452,000 bbl., up an astonishing 44% from last year's none-too-low September bottom, down only .4% from a record top the week before...
Next year, oil's flexible refining technology will be used with a more alert weather eye to adjust fuel oil-gasoline ratios more nearly to fit demand. Oilmen can only wait to see what war will bring by way of an export market. But always dependable are U. S. motorists; last week their demand for gasoline was up about 6% over 1939. Yet oilmen still had small reason to hope that rising U. S. consumption would knock the hump out of gasoline's inventory curve. Nor were war and winter alone to blame. More important than either...