Word: tankers
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...that no one will notice him, disinterestedly portrays a heist artist named Walter Upjohn Ballantine, who, in the words of an admirer, is the possessor of "the most spectacular rap sheet" in the FBI'S files. Among Ballantine's most highly regarded credits are shanghaiing an oil tanker in mid-ocean and stealing a million dollars in nickels from the U.S. mint. A crony named Al G. Karp, who looks like a softball that sweats, springs him from the pen to enlist his help on a new scheme: to break a bank called Mission Bell in suburban...
...America's energy bills over the next decade and deal a great blow to free trade-all to help out the politically powerful shipbuilders and maritime unions. The Energy Transportation Security Act would require that by 1977 30% of the nation's oil imports be carried in tankers that are built in the U.S., fly the U.S. flag and employ American sailors. Because such ships cost much more to build and operate than foreign vessels, almost no imported oil is carried in them now. Indeed, to meet the bill's requirements, the capacity of the nation...
...Middle East and Asia. A United Nations report estimates that since 1967 the world's economy has lost $10 billion to higher shipping costs and a decline in trade because of the canal's closure. When it is reopened, one-third of the world's tanker tonnage can cut the journey from the petroleum fields of the Persian Gulf to the ports of the Mediterranean by 16 days of sailing time. For U.S. military strategists, however, there is one drawback to clearing the canal. It will reduce from 11,000 miles (via the Cape of Good Hope...
...pilots now licensed to guide large ships into Eastport, Captain Amos Mills, testified at public environmental hearings: "The only thing that Eastport has going for it is deep water; and when that is balanced against the fog and the currents, there is little to recommend the place for tanker traffic." Canada is even considering a law forbidding supertankers from crossing the Canadian waters that provide the only access to Eastport...
KUWAIT NATIONAL PETROLEUM CO. Operates a refinery and markets oil and other refined products internationally through offices in the U.S., Britain, Japan and Singapore; it may also buy a tanker fleet. The two companies that hold a joint concession in Kuwait, Gulf and British Petroleum agreed in 1972 to sell to the government 25% of their venture at once and the rest...