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Story
September 9, 1941
Imperial Valley Press
El Centro, Imperial County, California
What is this article about?
Deputy Oil Coordinator Ralph K. Davies stated that a proposed pipeline from Texas to Bayonne, N.J., would cost $80 million but save $75 million annually compared to transporting 200,000 barrels of oil daily by tank cars, which costs $207,000 per day versus $67,000 by pipeline.
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Pipe Line to
Replace Tankers
WASHINGTON. Sept. 9 (UP)
Deputy Oil Coordinator Ralph
K. Davies said today the cost of mov-
ing oil by pipe line is so much
cheaper than by tank car that a
pipe line from Texas to Bayonne,
N. J., could be paid for out of one
year's savings.
He told Sen. Sheridan Downey,
D., Calif., in a letter that it would
cost about $207,000 to transport
200,000 barrels of oil daily to the
east coast in tank cars. By pipe
line, he said, it would cost only
$67,000 a day.
Over a year the costs of
pipe
line operation would be $75,000,000
cheaper, he said, or approximately
equal to the estimated cost of the
new pipe line, $80,000,000.
Replace Tankers
WASHINGTON. Sept. 9 (UP)
Deputy Oil Coordinator Ralph
K. Davies said today the cost of mov-
ing oil by pipe line is so much
cheaper than by tank car that a
pipe line from Texas to Bayonne,
N. J., could be paid for out of one
year's savings.
He told Sen. Sheridan Downey,
D., Calif., in a letter that it would
cost about $207,000 to transport
200,000 barrels of oil daily to the
east coast in tank cars. By pipe
line, he said, it would cost only
$67,000 a day.
Over a year the costs of
pipe
line operation would be $75,000,000
cheaper, he said, or approximately
equal to the estimated cost of the
new pipe line, $80,000,000.
What sub-type of article is it?
News Report
Economic Policy
What keywords are associated?
Pipeline
Oil Transport
Cost Savings
Tank Cars
Texas To New Jersey
What entities or persons were involved?
Ralph K. Davies
Sen. Sheridan Downey
Where did it happen?
Washington; Texas To Bayonne, N.J.
Story Details
Key Persons
Ralph K. Davies
Sen. Sheridan Downey
Location
Washington; Texas To Bayonne, N.J.
Event Date
Sept. 9
Story Details
Ralph K. Davies explains in a letter to Sen. Downey that transporting 200,000 barrels of oil daily by tank cars costs $207,000 per day, while a pipeline would cost $67,000 per day, saving $75 million annually, nearly covering the $80 million pipeline cost.