[37] I believe that the exploitation of these deposits will shortly be placed in the hands of the Sinclair Company, one of the most powerful American concerns after the Standard. A large number of shares in this company have recently been bought by the Standard.
[38] Nevertheless, it had been warned as early as the previous March of the agreement which was afoot between the Shell and the Soviets, and it had seen the text of the contract.
FRANCE'S PART IN THE STRUGGLE BETWEEN GREAT BRITAIN AND THE UNITED STATES
THE CARTEL OF TEN
In this bitter struggle between Britain and the United States for dominion over the world's oil, what is France's position? France as yet possesses very little oil, although petroleum has been found in various parts of her colonial empire and that of Alsace has been restored to her; but on account of her political importance, she is a "second" who may decide the victory. Hence the efforts made by the two great Anglo-Saxon nations for her alliance.