On this day

President Roosevelt forbids the export of oil and aviation fuel from the United States except to Britain, the British Commonwealth countries and countries of the Western Hemisphere. This decision is aimed at Japan. Roosevelt’s decision confirms steps taken recently when Japanese assets were frozen (on July 26th).

When you look at the situation we are in currently, you should be shocked. Who would have thought that at one point we was exporting oil and controlling who got it? Currently we are begging for increased oil imports.

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Credit to: https://thisdayinusmilhist.wordpress.com/2005/08/01/august-1/

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