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
So far as observed, German interests actually dominate the petroleum
industry in Galicia and at home. Whether forced back on its own
petroleum resources or on these reinforced by those of Galicia, Germany
will obviously have an inadequate supply, and in consequence German
interests are likely to be particularly aggressive in seeking petroleum
in Mesopotamia, Africa and South America.
=France.=--Since control of the petroleum interests of the
Rothschilds passed into the hands of the Royal Dutch-Shell Syndicate
(British-Dutch), the influence of French finances in petroleum affairs
has been negligible, outside Galicia and Italy, where its potency was
not great. French capital will undoubtedly participate in efforts
to determine the petroleum reserve of the Barbary States, French
dependencies, but it will hardly be much involved in organized efforts
to control the world situation with respect to petroleum.
The French mining law holds that oil and gas belong to the state, and
may be exploited under concessions, the area and time limit of which
are matters of negotiations between the applicant and the authorities.
It is understood that the French government is unwilling to grant oil
concessions except to companies the majority of whose stock is held by
French citizens. A company incorporated recently to work the Algerian
oil fields contains in its articles of incorporation the provision that
60 per cent. of its stock must be held by French citizens.
=Japan.=--Japanese investments in the world’s petroleum industry have
not yet attained significant proportions outside Japan itself, though
the Japanese government is officially alive to the importance of
Japanese investments in petroleum properties in Mexico, particularly
Lower California and Sonora; China; and undoubtedly Russia. Hence large
investments of Japanese capital in the petroleum industry in one or all
of those countries may be expected in the near future.
SUMMARY
Petroleum in its crude or semi-refined state is used as fuel under
locomotive and marine boilers and as a lubricant. The principal use
of petroleum, however, is in the manufacture of numerous refined
products. Some of the more important products and their uses are
as follows: ether, as an anæsthetic in surgery; gasoline, as fuel
in internal-combustion engines; naphthas, as solvents and in the
manufacture of commercial gasoline; kerosene, as an illuminant and as
a fuel for farm tractors; lubricating oils; waxes, as preservatives,
illuminants, and surgical dressings in treatment of burns; petroleum
coke, in metallurgical processes and in the manufacture of battery
carbons and arc-light pencils; heavy fuel oils; road oils; artificial
asphalts, for pavements. The use of petroleum and its products as fuel,
as a lubricant, and for illumination may be considered essential.
Substitutes for most of these uses are known, but they are either
inefficient or not readily available.
Public-domain text, read in full here on John Shaqi.
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