dt.

| Once again the oilworkers are
} %% Strike for demands which are
thoroughly justified by com-
Parison with other industries and
with the high profits made by their
employers,

At the moment, the union is on
Strike against the British Amer-
ican Oi} Company, But this is only
one unit in a huge international
Cartel which enforces common
Policies in pricing, in wage nego-

: tations, and in many other mat-
ters,

4 brief account of the oil
Monopolies would be in order,

M Canada, the largest oil com-
Pany is the Imperial Oil Com-
“A with assets just over one

lon dollars, and profits (after
8X) of over $70 million per
: i. Its annual sales of pro-
tolls, are also more thana billion
— a year, Just how big
th figure is canbe deducedfrom
a fact that it represents about

fortieth of Canada’s gross
ational product,

Then we have the British Am-

erican Oil Company"with assets of
$741,498,000 and net profit of
$34,152,000, This company has
31 subsidiaries in oil, natural
gas, pipelines and chemicals.

Next in line comes Shell Can-
ada Limited, with assets of $670,-
000,000 and which owns up to
annual profits of $18,694,114 (in
1963), :

The Standard Oil Company of
British Columbia, being a private
company, doesn’t tell us how
much it owns, nor how much it

makes, However, it is obviously

a big profit.

Finally, insofar as B,C. is
concerned, there is the Royalite
Company, which operates a re-
finery at Kamloops, and whose
assets total $49 million and an-
nual profit $2.6 million — small
potatoes compared to the others,

Looking over this listoftitans,
one might guess that there was
a healthy rivalry among big com-
petitors. This would be illusory.
Superficially, the local managers
of the various oil companies may

~ Perating in B.C.:

Here are the 1963 statistics of the oil trusts which have subsidiaries

Daily Output
(barrels of
42 gals.) After Tax
ee 3,412,000 Yearly Sales Profit
Standard of New Jersey 3,412,000 $10.3 billion $1,019,469,000
tandard of California . 2,500,000 approx. 2.2 billion 322,000,000
Ulf Oil . +++ 2,200,000 approx. 3.0 billion 371,353,456
| See 6.8 billion 583,153,000

VICTIMIZE PUBLIC AND LABOR :

Four trusts own Canada’s oil industr

engage in a certain amount of
friendly rivalry over sales, etc.,
but their owners are closely in-
ter-related,

To begin with, the Imperial Oil
Company and the Standard Oil
Company of British Columbia
are both descendents of John D,
Rockefeller’s original Standard
Oil Company. In the United
States, as the result of anti-
trust legislation in the early
years of this century the Rocke-_
feller empire was broken up into
several separate companies,
such as Standard Oil of New
Jersey, Standard Oil of New York,
Standard Oil of California, etc.

Imperial Oil Company isa sub-
sidiary of Standard Oil of New
Jersey, while Standard Oil Com-

pany of British Columbia is a:

subsidiary of Standard Oil of
California,

But the Rockefeller interest
in B.C. doesn’t end there. Bri-
tish American Oil Company,
(which is anything but British)
is a subsidiary of Gulf Oil Corp-
oration, Gulf Oil is a Pennsyl-
vania Company controlled by the
Mellon family who are also the
principal owners of Aluminum
Company of American and Alum-~
inum Company of Canada. Gulf
Oil is part of an international
trust which includes Standard of
California, Standard of New York
(also known as Socony- Vacuum)
and Texaco,

The association with Texaco
is important to us, because al-
though its operations in B.C, are
limited +o distribution, Texacoof

\
AW
601
STRUCK

Canada Limited operates a re-
finery in Edmonton,

Texaco is associated with
Socony-Vacuum on a 50-50 basis
in the ownership of a whole num-
ber of South American Oil Com-
panies, It is associated with
Standard Oil of California in the
Caltex group of Companies which
operate in the mid-east, the far
east and Europe, It is further
associated with British American
Oil in the ownership of the Laurel
Pipe Line Company and certain
chemical companies,

Finally, Texaco, Imperial,
Shell and B.A. jointly own the
Portland- Montreal Pipeline, The
same companies, together with
Standard Oil, own and control the
Transmountain Pipeline.

Three further items of infor-
mation fill in the picture. Chev-
ron Oils Limited, which conducts

OCAW
9-60)

ON STR

*

| @®
aay

Striking oil workers who are waging a national struggle to force the oil octopus
to come across with some of their huge profits.

oil exploration and operates ser-
vice stations in Western Canada
is a wholly-owned subsidiary of
Standard Oil of California. Also
the Irving Oil Company, which
dominates the business in The
Maritimes is jointly owned by
Standard Oil of California and
the Irving family,

Finally, the Royalite Oil Com-
pany is a wholly-owned subsid-
iary of British-American,

Thus it may be seen that the
Canadian oil industry is owned,
lock stock and barrel by four
international trusts, which are so
closely related among them-
selves that it is difficult to draw
the lines between them: Standard
Oil (Rockefeller), Shell Oil Com-
pany (the British and Dutch Royal
Dutch Shell) Texaco (Texas Oil
interests and Gulf Oil (the Mellon
family),

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October 15, 1965—PACIFIC TRIBUNE—Page 11