Word: oils
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Dates: during 1940-1949
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...inclusion which might surprise ex-Lieut. General Doolittle (now a Shell Union Oil Corp. executive...
Giant China is squeezed in a double Communist encirclement-from without and from within. Inside the country, Chinese Communists push for power. From without, unremitting pressure is applied to the frontier provinces. Last week, this pressure was squeezing hard on a huge, little-known segment of China-mineral-and oil-rich Sinkiang Province...
...also helped the Russians into Sinkiang itself.* Because the Chinese Government was weak, distant, and preoccupied with Japan, he had even allowed the Russians to station troops in the province. They built roads, airports, factories, aircraft assembly plants. They began to develop Sinkiang's rich, mineral wealth, bored oil wells and dug wolfram mines...
...newsmen comment fiercely on each other's origin and the United Nations becomes snarled in a welter of tedious recriminations, a vicious behind-the-scenes economic battle comes far closer to splitting the East and West than any so-called ideological warfare. Iran, keystone of an important Anglo-American oil reservoir, is the stage for an oil dispute that threatens to boil over momentarily. Skittish over Russian expansion towards the Persian Gulf, the United States has influenced Iran to disavow a proposed oil-rights contract with Russia in a move that has Moscow frothing. This most recent indication...
Although both the United States and Russia are naturally wealthy nations, the allocation of Iranian petroleum becomes a prime consideration when one country wants to conserve its oil and another attempts the upkeep of a large military machine. Any Russian entrenchment in northern Iran comes as an economic and strategic threat to the Anglo-American interests in nearby Arabia. Besides giving the Soviet Union sufficient oil to maintain the ambitions of the Red Army, the plan for twenty-five years of Russian exploitation would weaken Allied control of the Iranian government and weaken the entire Anglo-American position...