The Economic Aspect of GeologyLeith, C. K. (Charles Kenneth)
Science
The Economic Aspect of Geology
Leith, C. K. (Charles Kenneth)
Geology, Economic
The occurrence of a mineral resource within a country does not
necessarily mean control by that particular political unit. A citizen of
the United States may own a mineral resource in South America.
Commercial control of this sort was demonstrated during the war to be of
more far-reaching significance than had been supposed, and it became
necessary to ascertain, not only the output of the different countries,
but the commercial control of this output. Investigation of this subject
for twenty-three leading commodities shows that the political and
commercial control are by no means the same. These are partly summarized
in the accompanying graphs from Spurr.[11] It is to be noted that the
graphs show the control of many commodities as it existed in 1913, the
last normal year before the war. Changes during and since the war have
of course largely altered the situation for certain commodities, notably
for iron, coal, and potash. These developments are summarized in the
discussion of the individual resources. It is also to be noted that the
commercial or financial control of the world's minerals, under the
influence of the fostering and protective policies of certain
governments discussed in Chapter XVIII, is at present in a state of
flux. Considerable changes are taking place today and are to be looked
for in the future.
RESERVES OF MINERAL RESOURCES
Annual production figures are only to a very partial extent an
indication of the distribution of the great reserves of mineral
resources. For instance, there are enormous reserves of coal in China
which are not yet utilized to any large extent. The minerals of South
America and Africa are in a very early stage of development. The total
world reserves will of course not be known until exploration and
development of the world's resources are complete--a time which will
probably never come. Figures of reserves represent only our present
partial state of knowledge and are likely to be considerably modified in
the future. Furthermore, the quantitative accuracy of knowledge of
reserves is so variable in different parts of the world that it is
almost impossible to make up world figures which have any great
validity. There are, however, certain broad facts ascertainable.
Every country in the globe is deficient in supplies of some minerals.
The United States is better off than any other country, but still lacks
many mineral commodities (see pp. 396-399.) No single continent has
sufficient reserves of all mineral commodities.
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