612 R. ARNOLD GENERAL CONDITIONS OF PETROLEUM INDUSTRY 



while about 100 square miles more has oil possibilities. The oil comes 

 from Lower Tertiary beds and is of high quality. It seems likely that 

 this country will increase in production for several years to come, but 

 that it never will yiehl more tlian 5,000,000 to 10,000,000 barrels yearly. 



ARGENTINA 



Argentina produces some oil from a field on the coast at Comodoro 

 Rivadavia. The producing area is limited and the product heavy grade. 

 Along the eastern base of the Andes, in western Argentina, are areas 

 offering evidence of a commercial production of a good grade of oil. 

 These areas, though far from transportation, will doubtless be tested at 

 some future date and may yield important quantities of oil. 



COLOMBIA 



Little development has been carried on in Colombia, but superficial 

 evidence leads to the belief that out of a possible oil territory of some- 

 thing like 600 square miles a fairly important commercial production 

 may be developed in time. 



VENEZUELA 



Like Colombia, Venezuela is still in an untest6d state as to its future 

 possibilities. 



ECUADOR 



Ecuador has produced small quantities of oil for a number of years, 

 but does not offer evidence of ever becoming highly productive. 



Europe 



GERMANY - 



The important oil deposits of Europe as at present developed are found 

 in Germany, Austria, Roumania, and Russia. Indications of petroleum 

 are found in practically all of the other countries, and Italy yields com- 

 mercial quantities of oil in restricted areas of the interior. 



Germany, which produced less than a million barrels yearly before the 

 commencement of the war, has been a fairly consistent producer for 

 years. It is probable that abnormal, intensive drilling has been carried 

 on since the outbreak of the war, and that production may now be some- 

 what above that of normal years. Germany has no important future as 

 an oil producer, however. 



AUSTRIA 



The oil fields of Austria and Roumania form a belt along the north- 

 eastern and eastern flanks of the Carpathian Mountains. The Austrian 



