JAPAN: Oil for the Bombs of China

The only important war material which the U. S. has not embargoed against Japan is oil. In the past Japan has bought about 75% of her oil from the U. S.; in the future she may get none. Last week Japan's eagerness to find other sources for oil before the U. S. gusher goes dry gave rise to two mysterious stories.

ยป From Mexico there leaked out a story of a concession of 250,000 acres of land leased for five years by the Mexican Government to Compania Mexicana Veracruzana for the exploration and exploitation of oil. The concession lay between...

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