Petroleum; Petroleum -- Great Britain; Petroleum engineering
One thing is certain, and that is, the Government is well aware that
there are great possibilities associated with the shale-oil industry
of Scotland, and it is not only watching developments with direct
interest, but is doing all in its power to foster the industry, and
by all means possible encourage the exploitation of areas so far
not commercially developed. At some future date there is a great
possibility that the present area for developments will be largely
extended, and as this is written, there is much evidence forthcoming to
suggest that this commercial development of new lands will not long be
delayed.
CHAPTER XIII
A FEW NOTABLE PETROLEUM ENTERPRISES
No brief survey of the petroleum industry would be complete were
reference not made to a few of those remarkable commercial undertakings
in various parts of the world whose interests are not only closely
associated with it, but to whose energies has been due much of the
expansion that has been witnessed in every direction during the past
few decades. It is safe to assert that, had it not been that the
petroleum industry has, in its various industrial and commercial
aspects attracted the attention of some of the finest financial and
business houses in the world, the wonderful progress which has been
recorded would, for the most part, have been impossible.
The first place must of necessity be given to that much maligned
amalgamation of capital, the Standard Oil Company of New Jersey, which
was formed as far back as 36 years ago by Mr. John D. Rockefeller
and his associates for the primary purpose of developments in the
petroleum industry of the United States. At that time, the petroleum
production of America had become quite a factor in commerce, but it
was, obviously, in want of a guiding hand which could not only place
it upon a basis of solidity, but which would tend to remove much of
that gambling element which had become almost part and parcel of all
developments. The Company, at the head of which were several gentlemen
who had already made themselves famous in the land of oil, launched out
in several directions, and, through the numerous subsidiary concerns
which it soon created, it owned very extensive oil-bearing properties
in practically every oil-field of the States, while it built quite a
network of pipe-lines for the conveyance of the oil from the fields to
the refineries, and from the refineries to seaboard. It erected and
equipped oil refineries, and, so as to provide the much-needed foreign
markets for American petroleum products, it built its fleet of oil
tankers; and, lastly, opened depots for the distribution of American
petroleum products all the world over.
Public-domain text, read in full here on John Shaqi.
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