Next winter's oil shortage in the East (TIME, May 26) may not be so bad as Harold Ickes made it sound. The situation was serious, said other Government officials, but not alarmingyet. No one denied that there would be a shortage in the East because of the diversion of 50 tankers from U.S. coasts to help fuel Britain (TIME, June 9). But an exhaustive American Petroleum Institute report, which A.P.I, had submitted to Washington on the understanding that it would be kept secret, predicted that deliveries of oil to the Atlantic seaboard will be reduced by 8.8% this summer,...
To continue reading:
or
Log-In
