Word: seaboarders
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...Senate investigation of the Eastern Seaboard oil shortage (TIME, Sept. 15) ended last week. Instead of proving once & for all whether there really was a shortage or whether Harold Ickes was just seeing ghosts, it left Washington as dazed as a bumpkin watching three walnut shells...
...many more tankers will the U.S. have to give Britain (in addition to the 80 already transferred)? 2) Will Navy activity in the Atlantic increase to the point where huge new supplies of oil- will be required? It does not really matter whether there is an Eastern Seaboard shortage-as of today-or not. There may very well be one (or a worse one) tomorrow...
...them and get them intact, he would still have the problem of organizing a 2,500-mile transportation line before he could use the oil against Britain, a problem more difficult than that of the U.S. in getting oil from the Gulf of Mexico to the Atlantic seaboard...
Seeking the facts about the Atlantic Seaboard gasoline shortage caused by the transfer of 50 U.S. tankers to Britain, a Senate subcommittee last week heard that 1) there is no shortage yet, 2) any possible shortage will diminish after Christmas, 3) by next April the U.S. may have a tanker surplus...
Some of the Senators suspected Ickes of ballyhooing the shortage "to foster a war psychology." Serious, dark-haired Ralph K. Davies, Ickes' oil deputy, did his best to make the shortage seem real. His figures: the Atlantic Seaboard will burn 199,900,000 barrels of petroleum products in the next four months, will get only 172,100,000. Deficit: 27,800,000. Stocks now in the East are 72,600,000 barrels-just enough to cover the deficit and leave an irreducible working reserve...