The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1920-07-17
Anglo o-American Presi
dent Hopes for Early
Solution
SEE BRITISH INVASION
English Press Tells Of Plans
to Extend Sway TO Amcr.-
can Field by Syndicate.

Correspondent)
LONDON, July IA call for
peace In the threatened international
"oil war" was sounded today by
Francis E. Powell. chairman OF tho
Anrlo-American oil company
MIR. PowelIs Views are considered
especially signficant since tho state.
ment OF the British press that Bril-
tish oil interests are planning TO in
wade America and fight the stand
ard oil on her own doorsteps
Asked how tho difficulties In Mex
leo might affect the big supplies
OF American oil which are being de-
iivercd here, Mr. Powell said
America can draw from Mexico
large quantities OF low grade ola
product of great need at the present
moment. We have no official or
authentic information on which to
20 at present but we are sure that
our interests--which, OF course, are
those OF Amcrica--wili be safe
guarded, whatever happens In Mex
ico.
Has No Fear.
II have no fear whatever ABOUT
America being unable to supply in
creasing quantities Of hish Grade
oils. There must still he a certain
amount OF conservation. because only
on that direction will production 10
able to overtako consumption. II
those interested In the use or oil
for fuel would only give their at
tention to that matter. am sure
they would see the oil production
OF the world quite equal TO the conf
mcrcial demands made upon 1t,
"DurinR the war. America sup
plied SIS per cent OF the gasoline
used by this country and her allies.
In rendering this great service 7"
the allied cause the American pro
d,lcers, refiners and shippers drew
heavily upon their reserves TINS
is the urinary cause Of the short
nre today, for II was the custom or
the refiners and producers 10
ca~ry reserve stocks amounting 10
millions Of barrels.
I'VE have heard the British gov
ernment has given control OF OIL
production In the inundated terri
tory TO single company, In view
Of the fact that the British en-
pire produces less than two per cent
Of the oil production OF the world
and less than 90 per cent OF its own
consumption, no matter what is done
in these inundated territories. would
take from five TO ten years to pro-
duce sufficient TO satisfy Britain
requirements.
Warns England.
"It would seem To be wisdom for
Great Britain not TO antasonho
not too greatly nor to iritate 100
much those sources which nave
served her so well in the past
"Those inundated territories did
not come to this country by It's own
strength alone, but through the com
bined efforts of our pllies. Let TINS
empire place such restrictions
around the production OF oil as may
seem expedient, yet they should treat
those who are entitled to fair treat
ment In such way as to show them
that what has been done In the past
Is appreciated.
"I hope and believe we Will see
aome action taken which will enable
the United states and Great Brl-
tain to 20 forward commercially
hand in hand together for the pros.
perity of the two nations. This VIII
result In the feeling that whore the
British flag flies Americans VIII reel
they are at home--and tina, where
the stars and stripes flutter the Ems
lish will be just as heartily wei
comea.''