Industrial and commercial South AmericaPeck, Annie S. (Annie Smith)
History
Industrial and commercial South America
Peck, Annie S. (Annie Smith)
South America; South America -- Economic conditions -- 1918-
The =tungsten= industry is active; 900 tons have been mined in one
year, about one-seventh of the world production. Exploitation of
marble, wolfram, and mica in Córdoba and San Luis is showing good
results.
=Manganese= is exported in increasing quantity chiefly from the desert
section of Santiago del Estero.
Large =saline= deposits exist, some in basins with no outlet, in the
central Provinces, some of volcanic type on the Puna of Atacama, others
near the ocean not far from Bahia Blanca. Some of them have been
exploited. Importation of salt has diminished and home production is
expected shortly to suffice for local needs.
=Petroleum= is now exciting the greatest interest. Oil is known to
exist in four regions with others reported, but only one has been
thoroughly tested, that at Comodoro Rivadavia. Borings carried on here
by the Government struck oil at a depth of about 1800 feet in 1907.
In 1910, 12,000 acres were reserved for Government exploitation which
has since been carried on. The place is near the coast about 850 miles
south of Buenos Aires. Development has been rather slow, but in 1916,
25 wells had been sunk and 21 were in active production of about 14
tons each per day. There were four steel tanks and other storage space,
in all about 26,000 cubic meters, one such of this oil equalling .93
metric ton. In 1917, 36 wells were in production and 19 being bored.
In 1918 about 1,250,000 barrels were produced. Tank steamers are
provided, and storage tanks in Buenos Aires. An oil tank is begun in
Rosario. Others are to be constructed in Buenos Aires, Bahia Blanca,
Puerto Militar, Santa Fé, and Mar del Plata. The oil is heavy with an
asphalt base; distilled, it yields 1.5-3.5 per cent of naphtha and
gasoline, 15-19 per cent of illuminating oils, and 77-85 per cent of
lubricating oils, fuel, and coke. Heavier than the better grades of
United States oil, it has been used almost entirely as fuel, though it
is said that it will distil readily. This will undoubtedly be its chief
usefulness, to serve instead of coal. It is employed by a number of
factories. A new Government well, 1921, was producing 34,000 barrels
a day, and prospects are of the best. Millions have been appropriated
for tank steamers, machinery, and for intensive development of the oil
fields. The price rose from about $10 a ton in 1916 to $40 in December,
1917. Government control will probably continue, especially because the
oil is likely to be used by the navy.
A few private companies are operating outside the restricted area,
using 12-inch tubes, while the Government has used smaller. One Company
with a capital of $2,000,000 has with other equipment 4.3 miles of
railway connecting with the Government railway to the port, also two
miles of pipe line. Many of the _frigorificos_ use oil, mostly Mexican.
The West India Oil Company imports from the United States or Mexico,
mainly for refining.
Public-domain text, read in full here on John Shaqi.
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