12._Fight_for_New_Production_Revised_S08

12._Fight_for_New_Production_Revised_S08 - 12. Fight for...

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1 12. Fight for New Production
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2 Major Themes War illustrated oil = power Oil also a symbol of sovereignty Ownership versus investment Mexico exerted ownership over oil reserves at the expenses of investment Venezuela encouraged investment Soviet Union eventually nationalized oil Companies tried to unite but countries played one off against the other
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3 Mexico: Big Producer Mexico Pan American Petroleum (Ed Doheny) & Mexican Eagle (Sir Pearson/Lord Cowdray) The “Pearson touch” Critical source of oil for U.S. in WWI 1921: The second-largest producer in the world Annual output: 193 million barrels RD/Shell wanted Mex. Eagle
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Political Unrest 1911: Mexican Revolution began Political environment drastically changed Dictator President Diaz overthrown; Mexican Revolution Continuing violence drastically reduced foreigner's desire to enter the country; Sadler captured, beaten and left for dead Fierce battle between Mexican revolutionaries and foreign investors Major objective of revolution: Restoration of national
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This note was uploaded on 04/19/2011 for the course EGEE 120 taught by Professor Considine,timothy during the Spring '07 term at Pennsylvania State University, University Park.

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12._Fight_for_New_Production_Revised_S08 - 12. Fight for...

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