Mexico -- Commerce; Mexico -- Economic conditions; Mexico -- Politics and government -- 1910-1946
Article 27, perhaps they might accept a little higher taxation, perhaps
they would like a few concessions, perhaps they might be counted on to
get the hopefully predicted Mexican loan.
All this is the last phase of the complicated problem. We have said,
in days gone by, that this is the problem of the oil companies, that
theirs is the gain and theirs should be the cost. But if I have
succeeded here I have conveyed an idea of the breadth of the oil
problem. It is no longer a question of whether the American State
Department is making the proper moves to support honest and industrious
American investors and workers abroad. It is no longer the academic
problem of whether the oil companies are handling their business in an
intelligent and efficient manner. The problem is ours, yours and mine,
of you in Kansas, of me in New York, of our cousins in England and
China. It is the problem of the chap who runs a Ford and of the man who
is cutting our freight bills by renting us a truck, of the steamship
company which is carrying our goods, of the captain of the battleship
which keeps us safe from near and distant enemies.
The problem is not merely whether the white peoples of the world are
to have the right to develop the riches of the backward nations for
the benefit of the world, but of _how_ they are to do it. So far,
even in forward-looking lands, it has been impossible to eliminate
private ownership and colossal private fortunes from the wheel of
oil production; in Mexico, to-day, it would be disaster beyond
understanding to turn the right of concession and oil privileges over
to corrupt and inept government. The battle of the oil companies in
Mexico is to save, first themselves from such a fate, and second to
save all the unopened oil resources in the world from the strangling
hold of such governments and such peoples everywhere. The oil industry
can no longer carry the burden of such conditions, for the prices of
your gasoline and your ship’s fuel oil are reflections not of a world
scarcity, but of the uncertainty, the colossal artificial difficulties
of oil production in the backward lands.
Commerce has fashioned the world into one brotherhood, and the Great
War, for all its appearances, has welded us all into a mightier machine
of civilization than history has ever known. Oil is the fuel of that
machine, and oil must come to its engine, though all the power of
politicians and bandits combine to keep it in the soil. The backward
countries are swept into the forefront of commercial importance when
oil begins to flow from their soil. The process is going on all over
the world. In Mexico it is at its zenith. The oil must come, and from
Mexico before all others, for Mexico lies in the heart of the world,
her shores touched by more waters in proportion to her area than any
other continental nation. And her stores of oil are the greatest man
has yet found or dreamed of.
Public-domain text, read in full here on John Shaqi.
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