"Of the 60,000 million which remain to be extracted, 7,000 million are to be found in the United States and in Alaska; 53,000 million in the rest of the world."
That is why the American Navy, having in view the treatment of bituminous shale by distillation, has reserved to itself the rights over immense deposits, chiefly in Colorado and Utah. If the United States do not succeed in acquiring new oil-fields in the rest of the world, the position will become so serious that they will only be able to avoid war at the price of economic vassalage.
There is oil in all parts of the world, and yet dominion over oil is one of the most concentrated possible.
From Alaska almost to Tierra del Fuego, every country in the New World possesses some.
Alaska.
Canada: its presence was discovered in 1789 by Sir Alexander Mackenzie.
United States.
Mexico.
Central America.
Venezuela.
Trinidad, Guiana.
Colombia.
Ecuador, Peru, Bolivia.
Chili, the Argentine.
Brazil and Uruguay: it is hoped that oil will be found shortly.
In Europe it is less evenly distributed:
Hanover (Wenigsen).
Alsace.
Italy.
Poland. The Ukraine. Rumania.
Hungary: a subsidiary company of the Anglo-Persian, the D'Arcy Exploration, found oil deposits in March 1921.
Asia is nearly as rich as America:
The Caucasus.
Persia, Mesopotamia.
Dutch Indies.
Siam, Burma.
China.
Japan and Formosa.