Tracking the Oil

Seeking the facts about the Atlantic Seaboard gasoline shortage caused by the transfer of 50 U.S. tankers to Britain, a Senate subcommittee last week heard that 1) there is no shortage yet, 2) any possible shortage will diminish after Christmas, 3) by next April the U.S. may have a tanker surplus.

Big if in this good news: it assumed the U.S. would meanwhile give away no more tankers. But Oil Tsar Harold Ickes had said Britain needed another 100.

Some of the Senators suspected Ickes of ballyhooing the shortage "to foster a war...

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