1941-02-26 — Page 11

DONALD DUCK

HANG ON!

OH, DONALD,

DON'T

PLEASE!

1-16

Ce 14, Worthy Porta

Wednesday,

HONGKONG TELEGRAPH

WEEEER

SKUCKS!

A LITTLE THRILL WON'T HURT Y'!.

WATCH THIS!

OH,

DEAR

SLOW

DIP 500

February 26, 1941.

By Walt Disney

12. Pine Tratura Sandguą, tai

ANCHOR

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GRIN AND BEAR IT

By Lichty STRUGGLE FOR OIL

By Morgan M. Beatty WASHINGTON. The major key to the next phase of the European war may be a three-letter word. It's "O-I-L!"

Whether the Axis pow- erg concentrate on the British Isles, or Gibraltar or Suez, or all three, the long range planning be- hind their military and diplomatic

manoeuvres

and German high com- mands at Innsbruck, Aus- tria, a revival of the often discussed threat against Gibraltar. For that way also leads to precious oil -the oil of the Western Hemisphere.

Why the push for oil? Most military experts and economists agree that it takes about 200,000,000 to 300,000,- 000 barrels of oil a year to run the Axis war against the

affairs in this country, Russia would object to the presence in Iran or Iraq of sizeable German forces.

It is an open secret that the Russians have been extremely Jealous, of their. great oil re-

sources..

The Russians well remember the British attempt after the World War to move into Baku, the heart of the Russian oil fields. A gesture from the Russian army put a stop to that.

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RUSSIA owns the best oil fields within striking distance of the Axis powers. thrust at British-owned fields in Iran and Iraq, observers say, would be objected to by Russia because of fear the Nazis wouldn't stop there,

may be forced upon them by the coming thirst of their industrial and war machines for the stuff that wheels of the turns

petro- modern nations →→

$29

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Count the "TELEGRAPH”

everywhere

That's the view of some Washington economists,

who suspect that the Axis' problem at this time is oil rather than food. Nat that it's giving out any time soon. But it must look ahead, now that it's failed to make quick work of Britain.

British. But assuming both Italy and Germany have built up reasonable reserves, they cannot hope to replenish their supplies from the lone big oil field in their possession-the Rumanian. Al best this area could give them only 60,000,- 000 barrels a year.

Maybe they can squeeze out another 15 million barrels But from shale and coal. that's much less than half enough oil for a year of Axis warfare.

The nearest additional oil for the Axis is in the Near. East. The British fields in Iraq and Iran produce close to ! year 100,000,000 barrels

And under forced draft. that's just about what Ger- many, and Italy need in addi- tion to what they have.

Hence the attempted drive through Greece. That could open up the eastern end of the

For instance, the econo- mists suspect recent Ger- man-Russian negotiations were concerned, not with a new or intensified part- nership, but with a Ger Mediterranean. man scheme to syphon oil from the Near East, or even Russia herself.

Similarly, the statis- ticians also see in the mili- tary meeting of the Italian

Next best would be to per- sunde Turkey to join the Axis, and get permission to gо through that country, and thus reach precious oil.

In the view of a well in- Russlan formed expert on

If they should let the Ger- mans through, could they ex-~ peel Hitler to be as easy to oust in case of victory against the British, as were the Bri- the tish themselves after World War? Hardly possible. Opinion here is that the Rus- sians would not allow any power any closer to their oil than the British are in Persin now.

The next best bet for the Axis would be oil from the Western Hemisphere, if not from the United States, from the Latin American produ- cers, such as Mexico and Vene- zuela. That entails an attack on Gibraltar to open the way for Axis ship, or a route through North Africa,

Standing in the way, in either event, is the United States, and the 21 Americai republics, sympathetic to the British, and capable of inten- sifying their aid to the British. Empire.

All of this adds up to the fact that mighty Russia and the mighty United States, both now at least non-belligerent, stand in the way of lubrica- tion and power for the Axis war machine.

But the Axis must sooner or intor neck oll in one direction, or the other. Which way will It turn?

Make a

Good Resolution

The SIMPLEST and SPEEDIEST way YOU can help WIN THE WAR is to give regular CASH DONATIONS to the Government.

Can You Afford

Can You Afford Can You Afford

NO SUM TOO LARGE.

$100 per month? $10 per month? $1

per month?

NO SUM TOO SMALL. Fill in the form below and HELP WIN THE WAR.

Donations to 25.2.41: $1,585,078.60 Remitted to London: £98,389.19.6d.

Hongkong.. February

1941.

The Manager.

Sir,

Bank,

Hongkong.

Commencing 1st March, 1941, and until further notice, please transfer the sum of $.......... Monthly to "War Fund, South China Morning Post Ltd." and debit my current account.

Yours faithfully..