Oil: the Importance of Oil in WW2 - Part 1

Oil: the Importance of Oil in WW2 With Dr Anand Toprani Part of our Transport, Logistics and War Finance series    • Transport, Logistics and War Finance   Part of our 1933-1939 series    • 1933-1939   Part of our British Army series    • British Army in WWII   And our North Africa series    • North Africa and the Mediterranean   In Part 1, we especially focus on the end of the First World War and the changes in the global oil industry up to 1939. Part 2 will cover the situation from 1939-45 and indeed how it shaped the postwar era. Part 2 https://youtube.com/live/Y5Q_y-m1BbQ The history of oil is a chapter in the story of Europe's geopolitical decline in the twentieth century. During the era of the two world wars, a lack of oil constrained Britain and Germany from exerting their considerable economic and military power independently. Both nations' efforts to restore the independence they had enjoyed during the Age of Coal backfired by inducing strategic over-extension, which served only to hasten their demise as great powers. Having fought World War I with oil imported from the United States, Britain was determined to avoid relying upon another great power for its energy needs ever again. Even before the Great War had ended, Whitehall implemented a strategy of developing alternative sources of oil under British control. Britain's key supplier would be the Middle East - already a region of vital importance to the British Empire - whose oil potential was still unproven. As it turned out, there was plenty of oil in the Middle East, but Italian hostility after 1935 threatened transit through the Mediterranean. A shortage of tankers ruled out re-routing shipments around Africa, forcing Britain to import oil from US-controlled sources in the Western Hemisphere and depleting its foreign exchange reserves. Even as war loomed in 1939, therefore, Britain's quest for independence from the United States had failed. Germany was in an even worse position than Britain. It could not import oil from overseas in wartime due to the threat of blockade, while accumulating large stockpiles was impossible because of the economic and financial costs. The Third Reich went to war dependent on petroleum synthesized from coal, domestic crude oil, and overland imports, primarily from Romania. German leaders were confident, however, that they had enough oil to fight a series of short campaigns that would deliver to them the mastery of Europe. This plan derailed following the victory over France, when Britain continued to fight. This left Germany responsible for Europe's oil requirements while cut off from world markets. A looming energy crisis in Axis Europe, the absence of strategic alternatives, and ideological imperatives all compelled Germany in June 1941 to invade the Soviet Union and fulfill the Third Reich's ultimate ambition of becoming a world power - a decision that ultimately sealed its fate. Anand Toprani is an associate professor of strategy and policy specializing in diplomatic and military history, energy geopolitics and political economy. He is a graduate of Cornell, Oxford and Georgetown universities and has held fellowships at Yale and Harvard universities, as well as from the Smith-Richardson, George C. Marshall and The Stanton foundations. He is the author of “Oil and the Great Powers: Britain and Germany,” 1914-1945 (Oxford: Oxford University Press, 2019) and has published articles in numerous journals, including Diplomatic History, The Journal of Military History and Political Science Quarterly. https://usnwc.edu/Faculty-and-Departm... Buy the book: US https://bookshop.org/a/21029/97801988... UK https://uk.bookshop.org/a/5843/978019... You can become a YouTube Member and support us here    / @ww2tv   You can become a Patron here   / ww2tv   Please click subscribe for updates also "like" the video - it really helps! Social Media links -   / ww2tv     / ww2tv     / ww2tv   WW2TV Merchandise https://ww2tv.creator-spring.com/ WW2TV Bookshop - where you can purchase copies of books featured in my YouTube shows. Any book listed here comes with the personal recommendation of Paul Woodadge, the host of WW2TV. For full disclosure, if you do buy a book through a link from this page WW2TV will earn a commission. UK - https://uk.bookshop.org/shop/WW2TV USA - https://bookshop.org/shop/WW2TV Patreon Brigadiers: Andrew Harris, Tonet Rivera, John Lonsberg, Susan Yu, David Keahey, Tom Mullen and Jim Walsh Become a WW2TV Brigadier and become part of this Hall of Fame   / ww2tv