The World-Struggle for OilL'Espagnol de la Tramerye, Pierre Paul Ernest
History
The World-Struggle for Oil
L'Espagnol de la Tramerye, Pierre Paul Ernest
Petroleum; Petroleum industry and trade; War -- Economic aspects
Very few people realize at all clearly what will be the consumption
of oil in a few years' time. It is natural enough, for it is only a
short time since our great and instructive Press began--very timidly,
however--to entertain its readers with this burning topic. There is
no one, at present, who does not know that the question of fuel is of
supreme importance to the whole industrial life of Europe.
Now, the world-production of coal was, in 1920, about 100 million tons
short, compared with the production in 1913. The directors of colliery
companies endeavour to increase the output of the mines, but they
obtain in general only disappointing results, which is not strange when
we observe the increasing number of miners' strikes, the rise in wages,
and the fact that laws are continually passed to reduce the hours of
labour.
In producing steam, one ton of mazut gives almost the same result as
two tons of coal; more than 50 million tons of fuel-oil are therefore
required to make good this enormous deficit.
Now, in 1919 the world production of mazut did not exceed 75 million
tons. After making good the shortage of coal, this would leave only 25
million tons to satisfy the ordinary demand. This comparison of figures
makes clear how great is the need of oil, at a time when the use of
oil, in preference to coal, is becoming more and more the order of the
day. Now, the great and general increase in consumption is not equalled
by the production which, though far from stationary, is none the less
much below the needs which are predicted for the future in competent
circles. An American oil journal recently published the following
figures for the consumption of the United States:--
1907 24 million tons
1918 57 million tons
1919 75 million tons
And even at the beginning of 1920 an increase of 25 per cent. over 1919
was noted. The rate of increase was such that, in January and February
1921, the American consumption was greater by 230,729 barrels _a day_
than the national production. The stock of oil in the United States,
both national and Mexican, has recently been considerably reduced,
and does not amount to more than 114,000,000 barrels, representing
only four months' consumption, although for years past it has always
been sufficient to meet the consumption for six months. It must be
remarked that motor-cars are terrible gluttons for petrol, and that in
the United States every farmer has his car. In a self-respecting family
there are generally three--a limousine for use in town, an open car for
touring, and a Ford for the servants to fetch provisions. It has been
calculated that there is on an average one motor-car to every thirteen
inhabitants. The Ford works alone are capable of turning out three
million annually.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account