MESOPOTAMIA OIL FIELDS PROMISING.

Poverty Bay Herald, Volume XLVII, Issue 15317, 13 September 1920, Page 6

MESOPOTAMIA OIL FIELDS PROMISING.

I LONDON, Aug. 14.— "1n spite of the i present increased output the world face's , a, general shortage' "of petroleum J' Sir John Cadman, British oil controller, who advised the peace conference during the Mesopotamian negotiations, declared m an interview here. , . "There is a world shortage' in oil," he said. "The present increased output of 70,000,000 tons, . compared with pre-war output of 60,000,000 tons, does not equal the present world, demand.. The signing of the Turkish itreaty means rapid development of . Mesopotamia's resources. "Turkey's pre-war concessions to Britishers m Mesopotamia, - arid Americans m Palestine are not likely to Bo renounced. Organisation of the. industry m Mesopotamia means a stable government which will draw a revenue Jn. oil royalties "The oil will be placed on the world market but. tho Uuited States with its own supply, will hot yeed. British companies are endeavoring to secure 'concessions 'm various parts of the world without government. Assistance." i | Sic John's reference, to pre-war concessions is , interpreted as a reply to American criticism that Great Britain ft? using the 1 fruits of war to monopolise the world's oil supply. ...