Word: tankerous
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Dates: during 1950-1959
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...when it has to. On the other hand . . . the business concerns of our country . . . should consider where do our long-term interests lie. And certainly they demand a Europe that is not flat on its back economically . . . Oil must flow in such a quantity as to fill up every tanker we have operating at maximum capacity, and if that doesn't occur, then we must do something in the way, first, I should say, of conference and argument, and, if necessary, we would have to move in some other region or some other direction, either with our own facilities...
Everyone hopes that the current troubles add up only to a short-range problem. Barring political complications, the Suez Canal should be open for shallow-draft tanker traffic by March 1, will probably open completely by mid-May. Oilmen are also hopeful that the sabotaged Iraq Petroleum Co. pipeline traversing Syria from Iraq to the Mediterranean can soon handle 40% of its former capacity. But it may still take months before the flow of oil is back to normal. Even if the canal clearance proceeds on schedule-and the Egyptians do not decide to keep it closed after...
WORLD'S BIGGEST SHIP, a 106,000-ton tanker, will be built for Spyros Niarchos at Bethlehem Steel shipyards in Quincy, Mass. Giant ship is expected to go into service...
ATOMIC SUBMARINE tanker is on the drawing boards of Japan's Mitsubishi Heavy-Industries Ltd. Nuclear-powered undersea craft will do 22 knots, carry 30,000 tons of oil, measure 540 ft. by 69 ft., to dwarf the first U.S. atom sub Nautilus. Snorkel craft will be able to stay submerged for a month straight, safe from turbulent storms. Cost: about twice as much as conventional tanker of same size...
...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...