National Affairs: The World Struggle

Oil, bulwark of international capitalism, chief stake of diplomacy in backward countries, cause of war, seems destined to become more and more the great motivating factor of American foreign policy. Free competition has long since been abolished, and the struggle for wells, spheres of exploitation, areas of monopoly, and markets is becoming more bitter and more fraught with intrigue, discrimination, tariffs, and embargoes.

The latest move being made by the United States to prevent the spread of foreign control in American fields is the denial of oil land lease assignments to the Roxana Petroleum...

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