The Cordova daily times., 1921-10-07
By QUAKER O'TAYLoR

chronic gloomy outlook on things in general, was bewailinE the waste of oil and gasoline, and wondering what would become of the world when the present oil fields were sucked dry and lubricants and gaso line were no more.
 Cut out the worrying. congress- man." retorted younger colleague, who Is equally well known for his choice brand of cheerfulness and optimism. Your worrying about things that might possibly happen a few thousand years hence, reminds me Of an old fellow back home who said: T am an old, old man, and have had many, many years of troubles-the most of which never happened.
 Just because an oil well in this country happens to peter out every now and then is no reason for be- lieving that the whole blooming country is rapidly slipping to the deminition bow-wows. Cheer up Old Scout Don't you know that every time an oil well goes out an other comes in somewhere else? Then there's South America. just a short jaunt to the south of us either side of which can be reached by our Cyes OUR) Panama Canal bot 1y,H down there will some day be swim ming in oil. Just the other day was talking with an expert of the bureau of mines of the interior de- partment and he told me some mighty interesting things about oil development in South America. learned from him that many of the republics down there are already dO ing big things and others are pre- pairing to get under way. Argen tina, for instancs. has four distinct petroleum zones. The estimated an nual production of Argentina Is about one million barrels American and British interests are now active in this republic
 BOLIVIA AS A FIELD
 As far back as 1910 a company was formed for the exploitation of petroleum deposits in Bolivia Am erican geOlogists and engineers are now in the interior of that country fs sT,.ar zt..- Il structures. It is reported that con sessions of over three million hec tares of land were granted without any guarantee of early development, but efforts are being made by the government to avoid this situation The executive has power to contract for exploitation of petroleum The present concessionaires embrace Ami erican, British and local companies.
 Brazil has 35 oil fields represent ing an area of 25,OOO square hlo- Pernambuco, Bahia and Sergipe. and there are great quantities of petrol cum in the northern states. There are more than 2OO.0 .0O0 kilometers of petroleum fields with an estimated producing capacity of almost 600 100000 barrels
 Examinations and surveys are being made of large tracts in Brit ish Guiana with a view of obtaining concessions from the government. However, under the laws of the col ony none but British subjects can SC cure concessions for mineral oil rights
 Up to October. 1919. there were DO known petroleum deposits ia Chilli. But in January of this year it was reported that an English CT SSineer was negotiating for the pur- chase of lands in Longuimay where indications of petroleum were dis covered
 FOR MORE THAN A CENTURY
 For more than a century petro- leum has been known to exist in Columbia, but development has been because of the attitude of government toward foreign conces- sions. This attitude is now being modified.
 The geologic structures of Ecua- dor are favorable for cheap produc- -