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
This somewhat hypocritical reply did not satisfy the Federal
Government. Great Britain might be in agreement with its contention
that "oil resources should be thrown open for development without
reference to nationality," but that did not make her open up
Mesopotamia to Americans. And on the occasion of a meeting of the
Council of the League of Nations at Paris, to examine in detail the
problem of mandates, Washington, to annoy London, sent a Note on
February 1, 1921, demanding that the question of mandates over former
German colonies should be reconsidered. In the end America won her
point, for during the negotiations which were conducted in London
at the end of July 1922, Walter Teagle asked that the shares in the
_Turkish Petroleum_ granted to the _Anglo-Persian_ (50 per cent.), to
the _Royal Dutch_ (25 per cent.), and to France (25 per cent.) should
be reduced in order to make room for American interests. Deterding
protested, but finally accepted. The British Government gave way
immediately. It is a doubtful victory for the United States, for who
knows when this region will be pacified? And France will do her utmost
to avoid the diminution of her share. The Angora Government showed
itself at Lausanne determined to resume possession of the Mosul region,
which is so rich in oil and which M. Clemenceau gave up to Britain with
so little resistance.
The Struggle for Djambi
Meanwhile the _Royal Dutch_, which, in agreement with the
_Anglo-Persian_, had asked the British Government to reserve for it the
exploitation of Mesopotamian deposits, was endeavouring to monopolize
the new deposits discovered at Djambi in the Sunda Islands.
Djambi is the last great territory to be exploited in the Dutch Indies;
the oil-fields in this district cover four million acres. At first the
designs of the _Royal Dutch_ met with no opposition, and it obtained
from the Dutch Lower Chamber the grant of these deposits for its
subsidiary, the _Bataafsche Petroleum_. But two representatives of the
Standard brought a communication to the Dutch Chamber and Ministers at
The Hague. The _Standard_ offered to found a company in partnership
with the Dutch Government, which would hold half the territories of
Djambi on the same terms as the _Royal Dutch_. It recalled the fact
that in the United States the Dutch had been given every facility, and
counted on reciprocal treatment.
This unexpected communication caused great disturbance in the financial
and political world of the Netherlands. A deputy asked if the note
from the _Standard_ came from the American Government. The Prime
Minister replied that he did not know, but that in any case this note
must express the views of Washington. A Socialist member proposed
exploitation of the whole field by the State; this was defeated by 55
votes to 24. The Liberals, fearing international complications, were
opposed to the Government plan. Finally, the Second Chamber adopted
this plan by 49 votes to 30.
Public-domain text, read in full here on John Shaqi.
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