Word: shippings
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Dates: during 1950-1959
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...relief plan had been prepared well in advance of its announcement. Representatives of 15 U.S. oil companies, who had formed the Middle East Emergency Committee, immediately began coordinating tanker movements and planning a big increase in Western Hemisphere crude-oil production. The objective: to ship an extra 675,000 bbls. of oil a day to hard-up Western Europe. With federal antitrust restrictions waived in effect for the crisis, oilmen set their sights on readjusting world oil routes to make up between 75% and 80% of Western Europe's daily needs of 2,200,000 bbls...
...Navy. While the Army and Air Force were fighting, the Navy sailed serenely along, kept out of trouble. The Wilson memo gave the Navy a go-ahead for all ship-based missile development (i.e., everything except the intercontinental ballistic missile), and the Navy announced that it was commissioning an experimental ship to work out the gyroscopic navigational system required for accurate firing of a 1,500-mile ballistic missile (see SCIENCE...
With such a schedule, life became just another almost forgotten peace-time amusement. As for college pranks, "the students were too damned frightened," according to Arthur Darby Nock, Frothingham Professor of the History of Religion and a resident of Eliot all through the war. "It was like a ship on shore. The boys probably knew that the least bit of jibbery pokery, and they were back in the ranks," he says...
Business Opportunity. In Raleigh, N.C., the daily News & Observer printed a classified ad: "SHIP IN BOTTLE COLLECTORS: Young college man will provide empty bottles on short notice. Send full bottles, returned empty same week...
...supply their needs. In Paris last week, 17 nations formed an oil-pool agreement to handle oil imports by a "collective, cooperative effort" on a governmental level. Estimated cost at current prices: $4,000,000 per day to buy about 1,000,000 bbls. of Western oil daily and ship it to Europe. It will soon cost even more; oil prices are already starting to edge up, and tanker rates, which increased 38% in the last two months, are nearly 150% higher than last year at this time and at the highest point since the Korean...