Construction: Dream Pipe

When foreign industrialists visit the U.S., their rubbernecking is focused on its skyscrapers, factories and freeways—and then on its continent-spanning pipelines.

Last week a band of oilmen said that they will build the biggest line of them all: a yard-wide pipe that, when it is completed late next year, will pump gasoline, kerosene, furnace oil and diesel fuel over 1,600 miles from Houston to New York's Staten Island and to 1,000 miles of spur lines in between. The $350 million pipe, biggest privately financed construction job in history, will be bankrolled by nine oil majors. They are: American Oil, Cities...

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