Word: oils
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Dates: during 1940-1949
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...Army was about ready to give in and acknowledge one of the big bonehead plays of World War II. There was no longer any blinking the fact; the Canol oil project in the northern wastes of Canada was a resounding flop...
Designed to furnish oil to U.S. troops in Alaska, it had never achieved much stature except in Lieut. General Brehon Somervell's Army Service Forces. The Truman Committee had called the $134,000,000 collection of oil wells, refinery and pipeline "inexcusable": long before it was completed, Petroleum Boss Harold Ickes had said it should be junked...
...height of its production, Canol expensively puts out no more oil and gasoline in a year (1,000,000 bbls.) than ten tankers could lug to Alaska. This week Congressional leaders learned that General Somervell was going to abandon the field, charge the whole business off to the "waste of war." Next step: Canada will have a chance to bid in the plant at a knockdown price. If Canada refuses it, Canol will be put on the block...
...pass over it." Holy words passed over the new line in Riyadh to Mecca; the objectors subsided. The money for these innovations comes largely from two sources: 1) the income derived from pilgrims to Islam's.Holy City, Mecca (where Mohammed was born); 2) his revenues from a great oil concession granted twelve years ago to the principal U.S. agency in his country, the Arabian-American Oil Co. (owned fifty-fifty by Texas Co. and Standard Oil Co. of California). The company is just getting substantial production (57,000 bbl. daily) and should do very well with or without...
...parts of Britain's essential passages to the old treasure house of India and to the new, possibly greater treasure house of Africa. The Arabian Sea (northern part of the Indian Ocean) and the Persian Gulf flank India, reach into some of the world's richest oil areas, and may yet be Russian outlets to the south -as, until recently, they were Russia's inlet for Lend-Lease. And adjoining the Arab heartland lie Turkey and Iran - both Mos em but non-Arab -looking out on the Black Sea and the Caspian, which wash at Russia...