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.

» 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...