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MANUFACTURED IN THE UNITED STATES OF AMERICA

CONTENTS

[PART I.] The World's Oil.
Chap. I. ["Who Has Oil Has Empire!"] [9]
II. [Oil: Its Origin, Discovery, and History] [21]
III. [Amazing Increase in Consumption:Fears of the United States] [34]
[PART II.] The Struggle of the Trusts.
Chap. IV. [The Standard Oil Company] [45]
V. [The Royal Dutch-Shell] [59]
VI. [The Oil World's Napoleon: HenryDeterding] [84]
[PART III.] The Struggle between the Powers.
Chap. VII. T[he Europeanische Petroleum Union: aGerman Trust for the Control ofEuropean Oil which founders inthe Great World Conflict] [97]
VIII. [The War and Oil] [101]
IX. [An Imperialism not without Greatness] [110]
X. [The Struggle between Great Britain andthe United States in Mexico] [113]
XI. [A State-subsidised Company: theAnglo-Persian] [129]
XII. [An American Balkanism: the BritishControlled Oil-fields] [143]
XIII. [Political Tendencies of the Royal-Dutch:the British Oil Empire] [147]
XIV. [How the United States lost Supremacyover Oil] [151]
XV. [The American Retort] [178]
XVI. [From Washington to Genoa: the Strugglefor the Oil-fields of Russia] [184]
[PART IV.] France's Part in the Struggle betweenGreat Britain and the United States.
Chap. XVII. [The Cartel of Ten] [201]
XVIII. [The Petroleum Consortium] [207]
XIX. [How Great Britain Succeeded in WinningFrance over to Her Side in theStruggle with the United States] [215]
XX. [Great Britain and the Oil-fields of theFrench Colonial Empire] [234]
XXI. [The Standard and France] [239]
XXII. [Conclusion: the World in 1923] [244]

[PART I]
THE WORLD'S OIL

[CHAPTER I]

"WHO HAS OIL HAS EMPIRE!"

The question of oil has become one of the most vital in all countries. Its importance is such that even the most solid political alliances are subordinate to it. The Great Powers have all an "oil policy." The United States, where the most powerful trust is an oil trust—the Standard Oil Company—the United States, which control 70 per cent. of the oil production of the world, have decided not to leave the question to private initiative alone, but to start a vigorous oil policy both at home and abroad. The American Senate recently decided to create the "United States Oil Corporation to develop new petroleum fields," while Mr. Bedford, Chairman of the Board of Directors of the Standard Oil Company, asked the Government to lend its support to any Americans who were soliciting oil concessions throughout the world. This support, which even Wilson—hostile to trusts as he was—did not refuse, was granted very energetically by Mr. Harding: three European States have just had experience of it.