PETROLEUM.
AIEXICAN OIL INDUSTRY.' Consul Wilson, of Tampico, is enthusiastic about tiie prospects of the A'lexican oil industry. The Tampico oil region, he writes, bids fair to be one of tlie world's greatest oilfields, and he quotes the following figures showing the progress of production:— Percentage of
It seems probable that the 1912 production of Alexico will amount to 20,000,000 or 30,000.000 barrels, thus bringing Alexico from the position of seventh in the world's production of petroleum up to that of third in importance. The development of the Tampico oilfields lias progressed to such an extent during the past year that Mexico from being an imuorter of approximately 1.000,000 barrels of crude and refined oil during the year 1910 became an exporter of more than 700,000 barrels of crude oil during 1911.
World's Barrels. Production. 1900-0 .. .. 1,000.000 — 1907 .... 1,000.000 0.38 1008 . 3,481.410 1.22 1909 .... 2.48S,742 0:84 1910 4.531 .S»6 1.38 1911 .... 12,629,319 3.70
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Taranaki Daily News, Volume LV, Issue 134, 24 October 1912, Page 7
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153PETROLEUM. Taranaki Daily News, Volume LV, Issue 134, 24 October 1912, Page 7
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