Political and commercial geology and the world's mineral resources
Science
Political and commercial geology and the world's mineral resources
Geology, Economic; Mines and mineral resources
The geographical distribution of petroleum is as wide relatively as
its geologic range. The oil fields of present commercial significance
are situated, in the order of their importance as contributors to the
world’s production of petroleum in 1917, in the United States, Russia,
Galicia, Mexico, Dutch East Indies, India, Persia, Japan and Formosa,
Roumania, Peru, Trinidad, Argentina, Egypt, Germany, Canada, Venezuela
and Italy. Small quantities of petroleum have also been reported from
Guatemala, Honduras, Costa Rica, Panama, Haiti, Porto Rico, Bolivia,
Chile, Spain, Arabia, China, Australia, Papua, Philippine Islands,
Nigeria, Belgian Congo, Gold Coast, Madagascar, and elsewhere. The
geographical distribution of petroleum in the world is shown on the
accompanying map. (Plate I.)
[Illustration: PLATE I.--Geographical distribution of the producing
petroleum fields of the world. By John D. Northrop.]
In the opinion of the author the most conspicuous developments of the
world’s supply of petroleum in the next decade will take place in the
countries that border the Caribbean Sea and the Gulf of Mexico. The
trend in this direction is unmistakable. From 1913 to 1917, the annual
production of petroleum in Mexico increased from 21,000,000 barrels to
56,000,000 barrels, and the potentialities of future production in that
country have been demonstrated to be almost beyond comprehension. The
output, originally considered valuable only as a source of fuel oil,
is now yielding, by modern refining methods, increasingly important
percentages of illuminating oils and gasoline. The only obstacles to
enormously increased production are unsettled political conditions and
inadequate facilities for marine transportation. These obstacles will
doubtless be overcome within the next few years, and barring unforeseen
contingencies Mexico will soon rank second among the oil-producing
countries of the world.[2] Judged by the results of exploratory work
already done in Venezuela and Colombia, both of those countries are
destined to contribute appreciably to the world’s supply of petroleum
within the next decade. Recently Colombia has given enough evidence of
ability to furnish high-grade petroleum from wells of large individual
capacity to warrant the large interests holding concessions there to
exert every effort to overcome the adverse natural conditions that
have so long barred the way to exploitation. Enough drilling has
already been done in Venezuela to demonstrate that the resources of
heavy-gravity asphalt-base petroleum in that country are large, and the
recent installation of a modern petroleum refinery for the treatment
of these oils on the island of Curacao, off the Venezuelan coast, has
provided the market necessary to active field development.
[2] Mexico ranked second in 1918 and 1919.
Public-domain text, read in full here on John Shaqi.
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