In order that the reader may clearly visualize the situation with
regard to the prospects of augmenting home supplies, it is necessary to
speak once more of certain foreign fields mentioned in the geographical
survey that constituted an earlier chapter. The nearest field and the
one to which Americans must naturally look, because for an indefinite
period it will continue to produce oil far in excess of the needs of
its own people, is Mexico. Unbacked by governmental coöperation in
any form, American private enterprise has done much in an endeavour
to develop permanent supplies in that country, and has paid its way
generously. Fortunately, the internecine warfare which has paralyzed
the maintenance of law and order in many parts of that country has
been less serious in the oil regions than in some other provinces, but
precious lives have been lost, and considerable property destroyed
without redress. Still more serious is the fact that in the face of
the activities of foreign powers anxious to secure American holdings
of great potential value the American Government has been inert in a
field where, for geographical reasons alone, it has a claim to first
consideration. The patriotism of an American citizen, Mr. E. L. Doheny,
controlling owner of the Mexican Petroleum Company, has been more
potent than that of the public authorities in safeguarding the future
of our interests in that country. Mr. Doheny received a handsome offer
from the Royal Dutch Shell Company for his interests; but he refused
it on the ground that for the future welfare of the United States, his
properties should remain under an American control. Undeniably the lot
of the American capitalist in the Mexican oil fields has been rendered
so difficult that any man might be tempted to sell to the first bidder.
While a recent Mexican administration proposed to “nationalize”
petroleum there have been many attacks in other forms upon the rights
of American oil companies, but so far these companies have escaped
absolute confiscation of their properties. Here is obviously a field
in which American interests must have the same sort of diplomatic
assistance which Great Britain extends to its nationals if the future
is to be secure.
Public-domain text, read in full here on John Shaqi.
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