Word: suez
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...when Britain and Western Europe between them produced three-quarters of the world's industrial energy, most Europeans complacently accepted the fact that Britain must import 12% of her total energy requirements and Western Europe nearly a quarter. But when Egypt's Nasser seized the Suez, he forced all Europe to face up to the significance of these imports: Europe had lost her industrial independence and, with it, much of her power and security...
Shortly after the Suez invasion, and quite independent of it, Europe's Little Six, the Euratom countries,* set up a committee of three experts to study Europe's future energy supply. Last week the three brought in a surprisingly bold 20-page report...
Europe braced itself for the invasion. After a slow start (when the Suez war slashed transatlantic bookings by 25%), 1957 promises to topple even the lofty travel records set by wandering Americans last year. Travel agents estimate that more than 2,000,000 U.S. citizens this year will leave North America, v. 1,850,000 last year, and that they will spend $2.14 billion v. $1.86 billion in 1956. On the Atlantic run, ship lines expect to carry more passengers than in 1956, when they loaded 1,004,000. Though five additional liners (total: 76) are plying the route...
...tourists. Last week the Duke of Bedford, one of the most businesslike of the stately-home owners, laid on a lunch of home-slaughtered-bison pie at Woburn Abbey for a luxury tour of 51 Americans. Although they have paid more for their food, fuel and transport since the Suez crisis, the tourist-conscious Britons have kept restaurant and hotel prices at the same level as last year while raising the quality of tourist meals. In London, one Mayfair pub owner has installed a charcoal grill for the U.S. trade...
Initial stimulus for nuclear power development stems from the crisis in Suez oil shipment. Europe now imports twenty-five percent of its fuel and, with industrial reconstruction and expansion, will be forced to increase this proportion yearly. Euratom promises both to stabilize conventional fuel usage at fifty percent of its present figure and correspondingly institute enough atomic power to handle the remainder--plus whatever growth will require...