Word: reservoirs
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...Reservoir for the Future. Harold Ickes' new project was significantly located. The Middle East has long been regarded by farseeing international oilmen as an almost unlimited insurance policy against the day when the world's other great oil reservoir-the U.S.-Caribbean area-can no longer supply the world (TIME, Dec. 27). War II has brought that day closer. For the Western Hemisphere is supplying 88% of the United Nations' oil and gas needs. New reserves, particularly in the U.S., are not being opened up as fast as known reserves are being drained...
...Corporation will impound all war-material surpluses-machinery, tools, raw materials, even military and naval camps, barracks and flying fields-in one tremendous reservoir. Sales will be controlled. The trick will be to release material slowly enough to avoid a market glut and unemployment, fast enough to prevent equipment's becoming obsolete...
...promised that "our staff will offer a reservoir of woman power on which the Army can call," and dug in for the duration. Sixty-five-year-old Mr. Hobby stayed behind in the large brick house in Houston to run the paper...
...world, still locked in a cataclysmic war, that could not operate for a second without oil, the future disposition of this last great reservoir is a matter of incalculable importance-too important, perhaps, for even the individualistic U.S. to leave wholly in the hands of private enterprise. But whatever the final outcome of last week's Ickes-industry explosion, it should serve one very useful purpose: from now on the U.S. will have to do more than talk and travel. It must evolve a policy...
...taken a short step toward Tokyo. The Admiral was proud of that step, but he could see beyond the islands. At his first press conference in nearly a year, he told Honolulu correspondents: "My opinion is that Japan will be defeated from China. . . . China with her reservoir of personnel and the possibility of airfields in easy striking distance of Japan is one of the steps along the road...