"Gusher Age" in the CSA.

67th Tigers

Banned
So it's a different poster named 67th Tigers who said "Indeed, I often point out that an independent Confederacy will enter the 20th century as the worlds leading oil producer as it will likely have the richest population on the planet.":rolleyes:

Yes, like Saudi Arabia is now. In fact Texas was the Saudi Arabia of the 1920's.

However, oil production =/= overtaking the US and their coal based industries. Coal is a far more industrially applicable material.
 
Yes, like Saudi Arabia is now. In fact Texas was the Saudi Arabia of the 1920's.

However, oil production =/= overtaking the US and their coal based industries. Coal is a far more industrially applicable material.

It all depends on where the money goes. The CSA could certainly get a new lease on life through the influx of petro-dollars. Or Texas could keep them mostly to itself, or secede in order to preserve them. Likewise, where will the money ultimately end up. Will it be paying royalties to a handful of fabulously wealthy landowners while Anglo-American firms take 90% of the profits? Will the CSA develop a halfway decent oil/oil services industry, will the Oil Industry be nationalized?

All are options, its just some are more likely than others...
 

67th Tigers

Banned
It all depends on where the money goes. The CSA could certainly get a new lease on life through the influx of petro-dollars. Or Texas could keep them mostly to itself, or secede in order to preserve them. Likewise, where will the money ultimately end up. Will it be paying royalties to a handful of fabulously wealthy landowners while Anglo-American firms take 90% of the profits? Will the CSA develop a halfway decent oil/oil services industry, will the Oil Industry be nationalized?

All are options, its just some are more likely than others...

Ownership is secondary. If "Texas Oil" is ultimately owned by another company it will still be listed on the New Orleans stock market, and be operating in the CSA. The Confederacy will still be profitting heavily, both the CSA in general and the government which can, if it wishes, lay a levy on extraction (which is what the UK does on North Sea Oil).

Ultimately though it is a public company and the dividend (the bit that can be taken abroad) is usually a surprisingly small percentage of the wealth generated, but often above 10% during the gusher period.
 
Yes, like Saudi Arabia is now. In fact Texas was the Saudi Arabia of the 1920's.

So you're admitting the CSA would not have the "richest population on the planet"? Saudi Arabia certainly doesn't unless you only count members of the House of Saud as people.

And the East Texas Oil Field was so deep it wasn't commercially exploited until 1930.
 
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