OIL: Pipeline to the West

Said Dallas Oilman Lowell M. Glasco last week, "This is the greatest thing that ever happened to the Texas oil business." Though somewhat exaggerated, Glasco's news was indeed big; he was ready to build the first crude-oil pipeline between the west Texas oilfields and the oil-hungry West Coast. The line, to be built by Glasco's West Coast Pipeline Co., will cost $87 million, be as big as the Big Inch (24 in.). Starting from Wink, Texas, it will snake through 953 miles of Texas, New Mexico, Arizona and California, terminating at Norwalk, near Los Angeles. It will be able to...

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