Abstract

Oil Around the World
Ise, John | February 4, 1956 issue

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The article presents information on "The Empire of Oil," by Harvey O'Connor. O'Connor begins with an analysis of the size of the great oil companies, and their power in domestic and foreign affairs, the division into majors and independents, the "law of the jungle" which has so often caused the hasty drilling of excess wells, overproduction and waste of oil, gas, capital and energy, the rampant speculation and swindling that have characterized oil exploitation everywhere. O'Connor tells of the emergence of oil cooperatives, domestic and international, and the efforts of the oil companies to prevent them from growing too strong, and of the strategy of the oil companies in warding off unionization.

See Also:

EMPIRE of Oil, The (Book); O'CONNOR, Harvey; PETROLEUM industry & trade; COOPERATIVE societies; GAS; OIL well drilling
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