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nydus/The Economic Aspect of GeologyPublic
Page 101 of 360
Table of Contents

THE ENERGY RESOURCES—COAL, OIL, GAS (AND ASPHALT)

This table indicates the great dominance of the United States both in present and past production of petroleum, as well as the concentration of the industry in a few countries. In addition the United States controls much of the Mexican production as well as production in other parts of the world, making its total control of production at least 70 per cent. of the world's total. Notwithstanding its large domestic production, the United States has recently consumed more oil than it produces. Imports of crude oil are about balanced by exports of kerosene, fuel oils, lubricants, etc. The per capita consumption of petroleum in the United States is said to be twenty times greater than in England. On the other hand, the remaining principal producers consume far less than they produce, the excess being exported.

The oil from the United States, Russia, the Dutch East Indies, India, Roumania, and Galicia is for the most part treated at refineries near the source of supply or at tidewater, and exports consist of refined products. The Mexican oil is largely exported in crude form to the United States though

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