The Mining of Oil
It is well-known that the richest company in the world is the Standard
Oil Company of New York, and that the richest man in the world
is Rockefeller, organizer of this company. This proves that oil
mining is a most profitable business. China is known to be a very
rich oil-bearing country. Oil springs are found in the provinces of
Szechuen, Kansu, Sinkiang, and Shensi. How vast is the underground
reservoir of oil in China is not yet known. But the already known oil
springs have never been worked and made use of, while the import of
kerosene, gasoline, and crude oil from abroad is increasing every year.
When China is developed as a motoring country, the use of gasoline will
be increased a thousand-fold, then the supply from the foreign fields
will not be able to meet the demands, as shortage of oil is already
felt in Europe and America. The mining of oil in China will soon become
a necessity. This enterprise should be taken up by the International
Development Organization for the state. Production on a large scale
should be started at once. Pipe line systems should be installed
between oil districts and populous and industrial centers in the
interior and also river and sea ports. What amount of capital should be
invested in the project will have to be investigated by experts.