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
Of considerable importance in Russian petroleum affairs at one time was
the European Petroleum Union, organized for combat in the world markets
with the Standard Oil trust. This union included among others such
important petroleum operators as Nobel Bros., the Rothschild interests
(now Dutch-Shell), Mantaschoff (now Russian General Oil Corporation)
(British), and the Deutsche Bank, the latter controlling Akverdoff and
Spies in Russia, together with important companies in Roumania and
Galicia. How far this union controlled the affairs of its constituent
companies is not evident from available data, and its present influence
on companies now operating in Russia is uncertain.
Conditions in Russia make impossible any definite statement on the
petroleum situation. A decree of the Bolsheviki government, dated June
20, 1918, on the nationalization of the petroleum industry, declared as
the property of the state all movable and immovable property employed
in and belonging to that industry. Trading in oil was declared a state
monopoly and was delegated to the chief petroleum committee of the fuel
department of the supreme Council of National Economy. As the chief
producing areas are now under British military control, this decree is
ineffective.
Commercial control of petroleum in _Mexico_ is divided among United
States, British, and British-Dutch interests, which controlled about
65, 30 and 2 per cent., respectively, of the production in 1917. The
interests of the United States include the Doheny group, operating
principally as the Huasteca and Mexican Petroleum companies; the
Standard Oil Co. of New Jersey, operating as the Penn-Mex Fuel Co.;
the Sinclair interests, operating as the Freeport and Mexican Fuel Oil
Co.; the Texas Co.; Gulf Co.; Southern Pacific Railroad; and others.
The British interests are represented by the Pearsons, operating as
the Mexican Eagle Oil Co.; and the British-Dutch interests by La
Corona Petroleum Co., and Chijoles Oil, Ltd., controlled by the Royal
Dutch-Shell Syndicate. No exclusively German interests are known to
hold a substantial portion of any important company operating in Mexico.
Formerly concessions were freely granted to foreign individuals and
companies for the exploitation of mineral deposits, and oil lands were
sold by the native owners to foreigners. Article 27 of the constitution
of 1917 expressly forbids any but Mexican companies acquiring directly
or operating directly petroleum lands in Mexico.
Public-domain text, read in full here on John Shaqi.
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