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
The adoption of oil for general use coincided with the half-century of
prosperity which preceded the great catastrophe, the great world War.
Between 1865 and 1914, mazut, kerosene, petrol, vaseline and paraffin
made their appearance, and spread throughout Europe.
And yet Europe consumed foreign oil almost exclusively. For a long
time, this oil came entirely from the United States. It was the golden
age of the _Standard Oil_ in Europe. Its influence ruled over British
distributing companies and French refiners, over the governments of
Germany, Italy, Rumania and Spain.
But the appearance of oil from the Caucasus and Eastern Europe rapidly
broke up the _Standard's_ monopoly. The Rothschilds and the Nobels,
the _Deutsche Bank_ and the _Disconto Gesellschaft_; the banks of
Lille and Roubaix, exploiting the oil in Galicia; the cartel of French
refiners founding the Polish company, _Limanowa_ and the _Aquila
Franco-Romana_ in Rumania, and lastly, the _Royal Dutch_ through the
_Astra Romana_ and the _Black Sea Company_--all multiplied their
efforts between 1900 and 1914 to create various independent oil
concerns on both sides of the Caucasus and the Carpathians.
Parallel with these private efforts of manufacturers and bankers, the
governments of Europe were engaged in safeguarding the independence
of their States in this complex question of oil. In 1903, the French
Chamber voted for the principle of monopoly in oil. From 1908 onwards,
the British Government, through the d'Arcy group, encouraged the
formation of the _Anglo-Persian_. And, while appearing to fear the
remarkable growth of the _Shell_, it surreptitiously assisted it, and
tried to guarantee supplies from Mexico through Pearson, from India
through the _Burmah Oil_, and from Mesopotamia through the _Turkish
Petroleum_ in agreement with Germany.
In 1911 the Reichstag was on the point of adopting the same course
as the French Chamber. Under the influence of the Kaiser, important
companies such as the _Deutsche Erdol Aktien Gesellschaft_ and the
_Deutsche Petroleum Verkaufs Gesellschaft_ were formed to gain control
of Austrian, Rumanian and Caucasian oil. The powerful _Steaua Romana_,
with a capital of 100 million francs, owed its existence to the latter,
which had succeeded in acquiring a monopoly of the whole output of
the Galician companies, _Schodnika_, _David Fanto_, and _Galizische
Karpathen_, and had also obtained an interest in the _Danube Navigation
Company_, _Bayerischer Lloyd_. In Rumania, the _Deutsche Erdol_
controlled the _Konzern_ group, which included the _Vega_, _Concordia_,
and _Credit Petrolifer_. The oil of Pechelbronn in Alsace was also in
its hands.
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