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
[Footnote 36: It took America three years to obtain satisfaction as
regards Palestine. On April 9, 1922, the British Government notified
the State Department at Washington that it granted, at last, to the
_Standard Oil_ the prospecting rights which this company claimed,
and conceded the same rights to Americans as to the nationals of all
Governments signing the Treaty of Versailles.]
CHAPTER XVI
FROM WASHINGTON TO GENOA
The Struggle for the Oil-fields of Russia
A period of calm followed the Washington Conference. On his way to
the United States, Sir John Cadman, the Grand Master of British Oil
Policy, was lavish with protestations of peace and good will. He
affirmed that British policy in no way aimed at eliminating Americans
from the oil-bearing regions of the world, and he even declared himself
in favour of co-operation between British and American capital in the
exploitation of oil. "If," he added, "there are restrictions in certain
Dominions and Colonies, it is because the home Government could not
resist the demand for them. Besides, in Canada, the biggest company,
the _Imperial Oil_, is American. In Trinidad there is a law excluding
all but British companies from oil concessions upon Crown lands, but no
restriction exists upon other lands in the colony. In Burma also the
participation of foreign capital is forbidden, but this prohibition is
of long standing; it goes back 35 or 40 years, and there is reason to
believe that it may soon be repealed."
Sir John Cadman went so far as to declare that he categorically
repudiated all governmental intervention in the oil question. In the
mouth of one of the directors of the _Anglo-Persian_, this statement is
somewhat amusing.
But undoubtedly, the British Government, feeling that it had gone
too far, realized the necessity of dropping some ballast. During the
Washington Conference, on the fringe of the main naval agreement, an
oil truce was secretly negotiated. Britain even consented to allow the
_Standard Oil_ to establish itself in the five provinces of Northern
Persia which had formerly been reserved for Russian interests. In
order to obtain concessions form the Persian Government, in spite of
the initial opposition of the _Anglo-Persian_, the _Standard_ had not
hesitated to make use of the American minister at Teheran.[37] _The
support which the representatives of Washington never refused has
always been one of the principal causes of its triumphs._
Public-domain text, read in full here on John Shaqi.
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