A Peaceful Industry
-a Peaceful Industry For More Than Half A Century, And Until Recent Years, The Exploitation Of Petroleum Was Pre-eminently An American Industry. It Was In The United States That Oil Was First Discovered And Worked. " Wild Cat " Hunting (the Ameri Cans Call A Boring A " Wild Cat ...
Africa
Africa : Egypt. Shell—royal Dutch. To-day, On All The Trade Routes Of The Globe, Britain, If She Pleases, Can Duplicate Her Coaling Stations With Oiling Stations. She No Longer Has To Fear An American Monopoly. In The Matter Of Liquid Or Solid Fuel For Her Merchant Marine And Her Navy, ...
American Oil Ensures The
-american Oil Ensures The Victory Of The Allies. Such Was The Situation When Hostilities Began. Very Quickly The Consumption Of Petrol Proved Enormous. The Destruction Of Numerous Railway Lines And The Inadequacy Of The French System Behind The Front Led The Generals To Make Greater And Greater Use Of Motor ...
An Industrial Defeat
-an Industrial Defeat. Henceforward, By This Infernal Compact, In Every Part Of The Globe, Abroad Or At Home, In The Present And The Future, France Is Tied To The British Trust. If By Chance One Of Our Countrymen Thought Of Working Alone Or With An American Group, Our Government Would ...
An Investors Policy
-an Investors' Policy. However, We Must Be Fair. The San Remo Agreement Brings Us Advantages Too. From The Moment When French Interests Are Everywhere Associated With Those Of Britain, And When Mixed Companies Begin To Exploit Their Common Oil Fields, Shares Will Be Issued Simultaneously In London And Paris. This ...
An Oligarchy Of Profiteers
An Oligarchy Of Profiteers. To Accomplish This We Must Work, Act, Take Risks. And That Is Precisely The Difficulty In The Present State Of French Society. The Obstacle Is Not Of A Material Kind—we Have All The Capital And The Talent Necessary ; It Is, Rather, Psychological And Social. A ...
Britain Wins Over Our
-britain Wins Over Our Refiners And Bankers. The Signature Of The Armistice, Britain Set To Work To Acquire All The Oil Fields Possessed Or Controlled By France. It Was Not, Indeed, A Question Of Despoiling Faithful And Trusted Allies, But Of Concluding With Them A Contract Of Co Operation Under ...
Company
Company. As Soon As We Had Definitely Thrown In Our Lot With Britain, It Would Perhaps Have Been Loyal To Inform The United States. Unfortunately, The Avowal Was Difficult ; For At The Very Moment When All Our Oil Fields Were Being Closed To Them, Our Diplomatists Were Counting On ...
Distant Dangers
-distant Dangers. There Is Another More Serious, If More Distant Danger, Which, Fortunately, It May Still Be Possible To Avoid. It Is Clear To Any One Who Calmly Considers The Facts Of The Case, Undisguised By The Courtesies Of Official Terminology, That The Economic Struggle Between Britain And The United ...
First Anxieties
First Anxieties. This Period America Basked In A False Security. What Reason Had She For Anxiety ? Did Not Statistics Show That She Contributed 70 Per Cent. Of The World's Oil Produc Tion ? Had She Not, During The War, Supplied 8o Per Cent. Of The Allies' Needs ? Her ...
Franklin K Lane Adopts
-franklin K. Lane Adopts A Different Tone. Mr. O'donnell's Interesting Report, Though It Brought Him Great Personal Success, Was Simply Shelved. There Is No Doubt That America Began To Realise That Some Deception Had Been Practised, And A Note Of Asperity Was Now Intro Duced Into The Controversy. Scarcely Had ...
Immediate Dangers
-immediate Dangers. (a) France Will Have No Oil Industry. In Its Place We Shall Continue To Enjoy A Cartel Of Ten So-called " Refiners," Simple Brokers Who Will Buy Oil Already Refined, Mazut And Lubricating Oils From The Anglo-dutch Trust, And Will Sell To French Consumers At A Profit, All ...
Manceuvre
Manceuvre. Now, A Fortnight After This Official Communication, The Americans Learnt That A Sort Of Conspiracy Was Brewing To Shut Them Out From All The Sources Of Oil In The Five Con Tinents. On 17th May, 1920, President Wilson Transmitted To The Senate The Report Of The Secretary Of State, ...
Mr Odonnell Demands The
Mr. O'donnell Demands The Open Door. The Americans, However, Are Not The Kind Of People To Let Themselves Be " Encircled " Without Retaliating. On The Very Day When The Polk Report Was Submitted To The Senate, Senator Phelan Introduced " A Bill Authorising The Incorporation Of The United States ...
Rapid Exhaustion
-rapid Exhaustion. While The Politicians Were Being Stimulated To Take Defensive Measures, The Departments At Washington Set To Work To Define The Position Exactly. On 2nd May The Geological Survey Published The Following Note, Which, In Its Statistical Aspect, Might Well Be Described As A Distress Signal : ` The ...
Sir E Mackay Edgars
-sir E. Mackay Edgar's Challenge. Some Days Later, Long Before The Departments At Washing Ton Had Examined Their Files, The Reply Came From London, Precise, Brutal, Arrogantly Impertinent And Ironic. In Lord Northcliffe's Times, Sir Edward Mackay Edgar, Bart., Suddenly Displayed The Results Of The Painstaking Subter Ranean Labours Of ...
The Admiralty And The
-the Admiralty And The Oil Of Asia. To Complete The Illusion, The British Government (which Assisted Them In Secret) All Of A Sudden Simulated Fear Of Their Excessive Growth. The Admiralty Dropped A Discreet Hint To The House Of Commons That, Since Oil Had Become Indispensable For Its Dreadnoughts, It ...
The British Empire In
-the British Empire In Danger. This Simple Fact Was Pregnant With Consequences For World Politics And The Relations Between States. From The Start, High British Circles Had Followed With Anxious Atten Tion The Advance Of Mazut As A Fuel For Big Ships. Every Body Knows That British Naval Supremacy Is ...
The Diplomacy Of Fuel
-the Diplomacy Of Fuel. It Remained Only To Convince The Government And The French Parliament, And To Realise By A Diplomatic Agree Ment In Due Form This New Manifestation Of The Entente Cordiale. The Political Work Was Carried Out At The Same Time As The Financial Manoeuvres, And Sir John ...
The Duty On Oil
-the Duty On Oil. Then, Comfortably Sheltered Behind This Customs Barrier, The Cartel Organised Distribution Within The Borders Of France, Constructing Reservoirs, Dep6ts, Tank Wagons And Boats, In Such A Way That Nobody, Not Even A Producing Company, Could Dispense With Its Services. Finally, Having Ascertained That The Rich Oil ...
The French Cartel And
-the French Cartel And The Customs Tariff. In France Ten Concerns Have Acquired A Monopoly Of Oil. They Are : Mm. Fenaille Et Despeaux. Mm. Desmarais Freres. Les Fils De A. Deutsch. La Compagnie Industrielle Des Paroles. La Raffinerie Du Midi. La Societe Lille-bonnieres Et Colombes. Mm. Paix Et Cie. ...
The Investment Of The
-the Investment Of The Panama Canal. In The Meantime, Thanks To American Capital, The Construction Of The Panama Canal Advanced Rapidly ; A Few Years Hence, Half The Liners Of The World Would Be Passing Through The Caribbean Sea And Wishing To Replenish Their Supplies Of Fuel. Thus There Was ...
The Revolution In Fuel
The Revolution In Fuel And The British Empire June, 1920, Patrons Of The Parliamentary Game Witnessed A Singular Spectacle In France : The Briand Team And The Tardieu-loucheur Team, Having Determined, According To Well-informed People, To Wrest From The Millerand Team The " Cup " Of Power, Launched A Furious ...
The Revolution In Fuel_2
-the Revolution In Fuel. As Nearly Always Happens, A Technical Invention Was Fated To Alter The Relations Between Nations And To Threaten The Stability Of Empires. For Half A Century, Oil Was Simply A Means Of Lighting ; Its Use Was Confined To The Lamp, And Occasionally The Domestic Stove. ...
The Royal Dutch In
-the Royal Dutch In The British Group. Scarcely Had The Armistice Been Signed When Britain Resumed Her Silent Labour Towards Monopoly, And Straight Way Delivered A Master-stroke By Bringing The Royal Dutch Within Her Grip. This Enterprise, Thanks To The Wealth Of Its Fields In The Sunda Islands (java, Sumatra, ...
The Royal Dutch In_2
The Royal Dutch In The Dancing Halls. However, These Purchases Of Foreign Securities Aggravated The Already Serious Position Of Our Exchange. The Law Forbids The Exportation Of Capital, And The Commission Upon The Exchanges—a Little Absent-mindedly—watches Over Its Administration. But, Where Shares Are Concerned, Smuggling Is Simple. A Sheaf Of ...
The San Remo Agreement
-the San Remo Agreement. This Agreement Was Published In Le Temps Of 25th July.' A Brief Analysis, Undertaken In The Light Of The Facts Which We Have Just Exposed, Will Suffice To Illustrate Its General Sense And Scope. To Begin With, The First Paragraph Warns Us That " This Memorandum ...
The Senate Creates Reserves
-the Senate Creates Reserves Of Oil. This Article, Summarised Or Reproduced In The American Press (philadelphia Public Ledger, Gth April), Created A Great Stir Among The Public And Still More In Political Circles. The Veil Was Rudely Torn Away, And Behind The Motley Curtain Of The Anglo-dutch Trusts America Suddenly ...
The Shell Transport In
-the Shell Transport In The United States. It Is A Strange Fact That, While The Americans Were Watching The Activities Of The Pearson Group With Evident Hostility, They Displayed Not The Least Mistrust Of The Shell Transport, Which, By A Veritable Master-stroke, Had Estab Lished Itself In The Heart Of ...
The Way Of Least
-the Way Of Least Resistance. But At Last A Favourable Opportunity Appeared On The Horizon. At The Moment When France Was Deprived Of The Necessary Coal By The Tardy Restoration Of Her Mines, The Inadequacy Of The British Supplies, And The Of Many, Kindly Nature Offered Vast Oil Fields In ...