OIL AND TROUBLE
There is an ironic tang about the proverb of the efficacy of oil on ■ troubled waters, comments the "Manchester Guardian," when one remembers that the discovery of modern methods of exploiting oil has probably created at least as much trouble nationally and internationally as the working of gold. The history of oil working is not long, but it has been certainly crowded. It was not until 1859 that "ile" was "struck" in Pennsylvania in quantity. Fifteen years later the annual Pennsylvanian output was valued at nearly 250,000,000 dollars. From that came Standard Oil, and the picturesque history of Standard Oil is probably not yet fully written. The oil fever spread to Mexico, and Mexico has been called the country of Blood and Oil. It has produced strange chapters in the chronicles of South American States. Rumanian oil was one of the things which mattered greatly in the war; oil has affected Russian politics and Persian politics. It is safe to say that wherever oil has been discovered "things" will happen; who knows but something might even "happen" in this country if the search of oil in paying quantities succeeds?
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19351130.2.48
Bibliographic details
Evening Post, Volume CXX, Issue 132, 30 November 1935, Page 9
Word Count
192OIL AND TROUBLE Evening Post, Volume CXX, Issue 132, 30 November 1935, Page 9
Using This Item
Stuff Ltd is the copyright owner for the Evening Post. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in