The relation of the foreign petroleum situation to the re-born American
ambition to possess a merchant marine that shall carry American wares
in American ships must be clear to every reader. Just as Great Britain
owes her far-famed sea power to her policy of maintaining coaling
stations at the best available locations on the seven seas, she now
aims to preserve that prestige by oil bunkering stations advantageously
placed. The situation might conceivably arise whereby (despite our vast
home production), the American merchant marine when at sea would find
itself dependent on the bunkering stations of foreign powers. No one
will question the right of Great Britain to protect and maintain her
trade routes by reserves of the new maritime fuel, and her Government
deserves praise rather than censure for backing British enterprise in
measures directed to that end. The point to be borne in mind is that
American oil men, the real creators of the industry, have accomplished
what they have in the foreign field virtually _without_ governmental
support or co-operation. It is hardly overstating the facts to add
that they have been harassed and interfered with in their efforts to
maintain the future security of their industry and of their nation
in this matter of petroleum reserves. Thus, there has lately arisen
a demand for constructive legislation which will permit governmental
coöperation and diplomatic action that will place American oil
interests on something like an equal footing with those of Britain
and other countries in securing a necessary augmentation of the home
supply. Disinterested public men who have made a study of the problem
are of the opinion that in the national interest, and entirely without
reference to the advantages that might or might not accrue to this or
that individual, American petroleum companies should be encouraged by
all the power and influence their Government can exert to acquire
foreign sources of supply wherever available.
Public-domain text, read in full here on John Shaqi.
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