Word: tanker
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...British warship seized the French tanker Sheherezade-bound from Houston, Texas, to Morocco-off the West African coast; and a Dutch ally intercepted the 8,379-ton French merchant ship Winnipeg-carrying a mixed cargo out of North Africa-off the island of Martinique. There were 210 Germans aboard the Winnipeg...
That means 1) most efficient use of the U.S. tanker fleet, which is being 14% diverted to Britain (TIME, May 26), 2) more pipelines. Last week the House got an Administration bill to clear the way for a new line from Gulf wells to northeastern States. Its condemnation provisions were aimed at railroaders who have blocked lines in the South (TIME...
Only alternatives to the tanker haul are railroads and pipelines. But railroad tank cars, used mostly for refined products, number only 140,000 for the whole U.S., carry only 250 barrels a car, and charge a rate many times as high as the cost by tanker. Admittedly, they can't fill the hole. The oil companies, which own most of the pipelines anyway, have therefore turned to pipelines. To avert exhaustion of its eastern stocks, Standard of New Jersey last week started pumping 27,500 barrels of Texas, Arkansas and Louisiana crude a day via Tulsa and southern Illinois...
...most significant new line announced last week was a 250-mile short cut from Portland (Me.) to Montreal. Standard of New Jersey has already ordered the tubing, and expects to finish the job in less than eight months. It will replace the long tanker haul around the Gaspé and up the St. Lawrence to Canada's chief distributing point. Its significance: the transport problem is a hemispheric problem, and its solution must see that the U.S.'s neighbors are served...
...individual commodity most affected by diversion of coastal and intercoastal shipping will be oil. Out of the U.S. fleet of 361 tankers, 50 will go to the shipping pool (25 at once, 25 later). This means the diversion of about 200,000 barrels a day (enough to fill 1,000 tank cars) to the railways. Shipping costs are 1.25 mills per ton mile by tanker, 3.2 mills by pipeline, 8.3 mills by rail. Pipelines cannot move all types of petroleum products, could not carry all the extra load anyway. Oilmen began worrying at once about moving next winter...