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
[Footnote 12: The _Mexican Petroleum Company of Delaware_ has control
of a large number of companies in the United States and in Mexico,
which include the following:--
_Mexican Petroleum of California_,
_Huasteca Petroleum_,
_Tamahua Petroleum_,
_Tuxpan Petroleum_,
_Mexican Petroleum Corporation_.
]
CHAPTER VI
THE OIL-WORLD'S NAPOLEON: HENRY DETERDING
If the _Royal Dutch_ has succeeded in its amazing effort to reduce
the power of the _Standard Oil_, it is because the former possessed
a man who was worth millions, whom the Americans, in their outspoken
admiration, have called the "Oil-World's Napoleon"--Henry Deterding.
"Mr. Deterding is Napoleonic in boldness, and Cromwellian in depth,"
said Admiral Lord Fisher, the reorganizer of the British Navy in the
twentieth century. The strongest personality in the oil-world is no
longer Rockefeller, but Deterding. Supported by such men as Gulbenkian,
the "Talleyrand of Oil"; Colijn, formerly War Minister to the
Netherlands; Loudon, Cohen, Stuart, and Sir Marcus Samuel, the founder
of the _Shell_ and a former Lord Mayor of London--Deterding dared to
challenge the _Standard Oil_ and to keep up the war for twenty years in
every part of the world, and even to establish himself on the latter's
own ground, the United States.
The _Royal Dutch_ was established in 1890, when the _Standard_ ruled
as absolute sovereign over the markets of Europe and America. De Gelder
was the first Chairman, but he was soon replaced by the more capable
Kessler.
"Old Kessler," as the _Royal Dutch_ people call him among themselves,
fixed his head-quarters at Batavia. Needing an assistant, he engaged
the young Deterding, who was then employed in a bank at Batavia. It was
Kessler who guided the _Royal Dutch_ through the difficulties of its
early years. But he died suddenly in 1900, and Deterding succeeded him.
While the _Standard_ stuck to the formula, "American oil to light
the world," Deterding set to work to acquire oil deposits as near as
possible to all markets. The new policy extolled by Walter Teagle,
Chairman of the _Standard Oil of New Jersey_, on the occasion of the
fiftieth anniversary of the company in January 1920, is no other than
that pursued by Deterding for fifteen years. For the _Standard Oil_,
seeing to what a pass its former policy has brought it, has sought
since 1919 to revise its methods and copy those of its rival.
_Five factors have contributed to the world-wide expansion of the_
Royal Dutch.
1. Deterding's cleverness in associating the _Royal Dutch_ with the
_Shell_, and in interesting the Rothschilds of Paris in his operations.
Thanks to these connections, he surrounded himself with able
personalities, such as Frederick Lane, Sir Marcus Samuel, Sir Waley
Cohen, and Gulbenkian.
2. The support of the Dutch Government.
3. The support of the British Government.
Public-domain text, read in full here on John Shaqi.
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