A preference for imported sweet over California sour
While the White House continues to urge Americans to conserve energy by driving at 55 m.p.h. and turning off the air conditioning, a severe oil glut is building west of the Rockies. At times, as many as 20 bulging tankers have been backed up in California's Long Beach harbor. Nearly half a million barrels of Alaskan crude, which oilmen had originally figured would go to the West Coast, are rerouted daily through the Panama Canal to the Gulf or East Coast ports at additional costs of...
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