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
When Madero was made President, the market price of the _Standard_ rose
in Wall Street by 50 per cent. But this triumph did not last long. We
are often astonished at the continual changes of front of the United
States, which support the feeble Presidents in Mexico and oppose the
energetic ones. By 1913 the _Daily Graphic_ and the _Vossische Zeitung_
had discovered the key to this mystery. Ever since Pearson obtained a
footing in Mexico the _Standard_ has poured out gold in floods to drive
out the British. It wishes to be the sole mistress of those immense
oil-fields, which have turned out to be among the richest in the world.
Only 54 million acres are being exploited at present, and already
Mexico holds the second place in world production. Now the Mexican
Minister of Industry and Commerce estimates the area of the oil-fields
of that country at 150 million acres. Where will Mexico stand when all
this territory is exploited?
To arrest the progress of Pearson, the _Standard_ sent an emissary to
Mexico to demand a monopoly of oil exploitation. It offered, in return,
the immediate conclusion of a loan of 200 million Mexican dollars.
Rockefeller's envoy promised, moreover, that the revolution would die
down as though by magic, while, in case of refusal, it would continue
until General Huerta was replaced by a more tractable President who
would submit to American requirements.
Like his predecessor, Porfirio Diaz, General Huerta refused to make
Mexico the vassal of the great trust, and the insurrection redoubled in
violence.[16]
Tired of the continual struggles which ravaged their country for the
benefit of the two great Anglo-Saxon nations, the Mexicans resolved to
profit by the European War to win their freedom for ever. According to
the laws of the country (1884, 1892, 1910) the owner of the surface
was also the owner of the subsoil. All that a company had to do was to
buy the ground and it was at peace with God and man. The Constitution
of 1917 disturbed this peace. "The subsoil," it declared, "belongs
to the nation." To exploit petroleum deposits a Government permit
was required. This permit is only to be granted to Mexicans or to
foreigners who consent to submit to the laws of the country as natives,
and thus renounce their privileges as foreigners.
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