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 oil magnates will never forgive the State for interfering with
their affairs. According to M. Henry Bérenger, "although the State left
to the cartel a large share in the management and the profits--more
than 100 million francs--the latter never consented with a good grace
to the intervention of their country's Government in matters concerning
oil. They never freely accepted the principle of collaboration with the
public authorities." In August, 1918, at the height of Marshal Foch's
offensive, a grave crisis arose from the extraordinary particularism
of the oil magnates. For fear of losing an additional profit of 15
centimes a litre, they refused to pool their cans, as the French High
Command required of them. The reports sent in at this time by General
Head-quarters are categorical in tone. The resistance from private
interests became so strong that the Government decided, in the critical
days of the great advance, to create a Commissioner-General for Petrol
with full executive powers to subordinate rigorously all private
commerce in oil to the requirements of the public safety.
M. André Tardieu, the High Commissioner at Washington, was sometimes
also greatly impeded in his negotiations by the Ten. From the end of
1917, he made direct purchases of oil from the _Standard Oil_, the
_Atlantic Refining_, and the _Texas Oil_, because of the difficulties
that had been made for him by the rivalry and manoeuvring which he
denounced in his telegrams. While the French Government was trying
to buy at £5, the oil dealers were offering £7 10s. Their clumsy and
inopportune intervention furnished the _Standard Oil_ in many cases
with an instrument of pressure.[44]
FOOTNOTES:
[Footnote 42: Report placed before the Chamber on March 20, 1919, by
the Duc de la Trémoïlle.]
[Footnote 43: Statement by M. Henry Bérenger in the Senate, June 2,
1920.]
[Footnote 44: Affairs of the _Archbold_, the _Goldshell_, and the
_Muskogee_. André Tardieu's reply to the oil magnates when challenged
by them to state exactly when and how his mission was impeded by their
proceedings.
The oil-men revenged themselves for the State collaboration which was
imposed upon them by a bitter criticism of the system of the consortium
in the _Revue Politique et Parlementaire_: accounts badly kept; profits
arising from the State's arbitrary allowances for working expenses;
ships arriving in ports where they were not expected, and without bills
of lading (hence no means of control), etc....]
CHAPTER XIX
HOW GREAT BRITAIN WON OVER FRANCE TO HER SIDE IN THE STRUGGLE WITH THE
UNITED STATES
I. Activities of the Royal Dutch and the Anglo-Persian.
Public-domain text, read in full here on John Shaqi.
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