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
Mexico retains only 4 per cent. of her production. In 1920 alone she
exported 153 million barrels out of the 159 million produced, keeping
for home consumption only 6 million barrels. Seventy-eight per cent.
of her production went to the United States. Every year Great Britain
takes from Mexico more than 40 million gallons of illuminating oil,
benzine and fuel oil. Mexico literally saves the world. Without her
there would be a universal shortage of petroleum.[23]
FOOTNOTES:
[Footnote 16: "During the last nine years," wrote a New York editor
on the occasion of the last revolution, "there has not been a single
disturbance in Mexico in which Americans have not taken part by lending
their aid to the party opposed to the government.... Americans have
supported Madero against Diaz, Huerta against Madero, Carranza against
Huerta, Villa and Sapeta against Carranza."]
[Footnote 17: Secretary of State for the Interior, an ardent partisan
of intervention. Mr. Fall is a believer in the slogan "_Standard Oil_
must prevail."]
[Footnote 18: Evidence of Edward Doheny before Committee on Foreign
Affairs of the United States Senate.]
[Footnote 19: Since elevated to the peerage under the title of Lord
Cowdray.]
[Footnote 20: According to official statistics of July 2, 1920, the
Mexican petroleum industry represents a value of 300 million Mexican
dollars.
Million
dollars.
Wells bored and in production 100
Value of ground on which they are situated 50
Pipe-lines, railways and rolling-stock 50
Refineries, buildings and machinery 50
Various properties, chiefly British 50
]
[Footnote 21: Cp. chap. ii, _Oil: Its Origin, Discovery, and History_.]
[Footnote 22: July 1920.]
[Footnote 23: Each Mexican well produced as much, in 1920, as 537
American wells.]
CHAPTER XI
A STATE-SUBSIDIZED COMPANY: THE _ANGLO-PERSIAN_
Although the United States, in spite of the civil wars they let loose
there, could never drive Pearson out of Mexico, they triumphed over
him in Central America and the chief States of South America by the
mere force of their prestige. During 1912 and 1913 Pearson obtained
concessions in Costa Rica, Colombia, Venezuela, and Ecuador. That
would have given him a monopoly of the supply of oil to all shipping
passing through the Panama Canal. Washington placed its veto on these
concessions and caused them to be annulled in the name of the Monroe
Doctrine. No South American republic dared to resist.
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