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 American companies have made a great effort. They have speeded up
production, raising it from 376 million barrels in 1919 to 443 million
in 1920. New exploratory work has been carried on, especially in
Texas and Kansas. But will not this hasten yet more the time when the
resources of the United States will be exhausted?
At the word of command from the United States Government, "Draw more
and more on the oil in foreign countries," the _Standard_ sent out
prospectors all over the world. But everywhere they ran up against
an unforeseen obstacle. An American prospector had the misfortune
to appear on the shores of the Dead Sea in October 1919. Without
hesitation the British General who was Governor of Palestine had him
arrested in Jerusalem. To the indignant protests of President Wilson
Britain simply replied that it was not a question of measures aimed
specially against the Americans, but that all prospecting in Palestine
was forbidden until a new order. The same thing happened in Mesopotamia.
Everywhere in the world, except possibly Canada, in which country
they have considerable influence on account of their geographical
proximity, the Americans for two years found the "closed door."[31]
Generally they were either completely excluded from oil-bearing
concessions situated in the territory, the colonies, or even the sphere
of influence of Great Britain, Japan and the Netherlands; or else they
were authorized to establish themselves only under such conditions
that they would lose the effective control of their undertakings.
Foreigners are forbidden to prospect for oil in Burma, India, Persia,
Uganda and the United Kingdom. A policy which _excludes foreigners from
the control_ of petroleum products is followed in Algeria, Australia,
Barbados, Kenya Colony, British Guiana, France, French West Africa,
Guatemala, Japan, Formosa, Saghalien, Madagascar, Mexico, New Guinea,
and probably in the Union of South Africa. Venezuela and Uganda are
considering a similar policy.
The _right to exploit mineral wealth_ cannot be granted to foreigners
in Australia, Barbados, Kenya Colony, New Guinea, the Dutch Indies,
France, French West Africa, Guatemala, India (probably), Great Britain,
Japan (practically), Trinidad (in part), Venezuela, Madagascar, and,
except for rights already acquired, in Rumania and Slovakia. Temporary
restrictions have been placed on the acquisition of oil concessions
by foreigners in two districts of Colombia and in the new Rumanian
territory.
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.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account