Word: oils
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Dates: during 1930-1939
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...German Busch carved Bolivia into a totalitarian state three weeks ago, he announced proudly that it was his own doing, that Rome and Berlin had not helped. Last week Bolivia announced a barter agreement with Germany. For German machinery, a 350-mile pipeline across the Gran Chaco, and an oil refinery in Paraguay, Bolivia planned to ship some $15,000,000 of goods, principally petroleum, to oil-hungry Nazis. The man who made the announcement was not mournful Dictator Busch, but his tough, roving-eyed sidekick and Minister of Mines and Petroleum, Dionisio Foianini...
...years ago Señor Foianini engineered expropriation of the Standard Oil Co. of Bolivia's $17,000,000 Bolivian fields. Ranking 28th in the world's 28 major oil-producing countries, Bolivia last year produced only 106,620 barrels (U. S. production: 1,213,254,000). But potentially important oil resources lie in the foothills of the Andes, where, on its 2,500,000 acres, Standard Oil operated six wells on a 55-year contract before expropriation. Last month Senor Foianini arranged two important treaties that made their extensive exploitation possible. Argentina agreed to permit transportation...
...surplus of only two things: coal and chemicals. With a few industries (such as the electrical and dyestuff industries) the Germans have worked wonders. But ever since Germany ceased after 1871 to be a collection of medieval agrarian principalities she has had to import wool, cotton, rubber, metals, wood, oil and foodstuffs from beyond her territory...
...chunks of normal German trade with England, the U. S., and Soviet Russia, but export subsidies to the extent of 30% of the value of all German exports enabled Nazi businessmen to quote speciously attractive prices to the Balkans and South America, regions with surpluses of grain, tobacco, oil, cotton, coffee and cocoa. Between debtor nations the system of subsidized barter might have worked satisfactorily enough, but the Nazis themselves were slow to deliver finished goods in return for foodstuffs and raw materials, and they frequently demoralized world markets for their suppliers by reselling coffee, tobacco, cotton, etc., at knock...
...whole Germany's agricultural situation is no better and no worse than it was in 1914. But one thing has changed very much for the worse: the fuel oil needs for a modern mechanized army and air service. In the event of a major war Germany will need 15 to 20 million tons of oil a year. The entire annual yield of the nearby Rumanian fields, assuming Germany could and would quickly take Rumania through Hungary, is short of 7,000,-ooo tons and synthetic production in Germany can hardly exceed a million tons. Furthermore, number one truism...