The success of the early oil men of the United States not only in
grappling with the problem of crude production, but with those of
conservation, transportation, refining and the development of new uses
for the various elements of the treated crude, set an example to all
the world.
From 1870 onward, though Pennsylvania continued to lead, American
methods were copied in many other countries. The foundations of
the trade which have made petroleum the most international of all
commercial undertakings were at that time laid; and this brings us to a
survey of the industry as a world interest.
CHAPTER V
PETROLEUM AS A WORLD INDUSTRY
The standardization of the petroleum industry which began in America
during the later sixties naturally excited emulation. Just previous
to the Pennsylvania discoveries of 1859 something like a systematic
industry had been established in connection with the Roumanian
deposits, sixty years later destined to be a military objective of
vital importance in the World War. But the actual sinking of oil
wells by the boring process was a later development in Europe. As was
natural, the first foreign country to profit by Drake’s example was
our neighbour Canada, which has long been an oil producing country,
and to a still greater extent, thanks to friendly American initiative,
an oil-refining country. Before speaking of the extent of the American
branch of the industry in the twentieth century it is worth while
briefly to scan the oil fields of other lands.
Public-domain text, read in full here on John Shaqi.
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