Report of meetings : August 2, 1951 /
Manahan, Manny
Report of meetings : August 2, 1951 / Manny Manahan - page 3-5
The Rotary Balita no. 678 (August 16, 1951)
A subject of vital concern to many Rotarians especially those engaged in industries. in the Philippines was discussed in today's meeting by J. A. Parrish, president of the American Chamber of Commerce and general manager of the Standard Vacuum Oil Co. of the Philippines. Speaking on the subject "Oil and the Philippines," he said that the Philippines must depend on outside sources and therefore it would be to her best interest if assurance could be established that present oil reserves continue to be distributed to free nations. This is especially important due to the fact that up to the present time "we do not know and. I feel equally certain that no one knows if there is oil in the Philippines. For like gold, oil is where you find it." He shed more light on the present Anglo- Iranian oil dispute when he explained the exhaustive efforts exerted by the United States and Britain to solve the explosive oil problem caused by their realization that shortage of the essential fuel will greatly weaken their industrial and military strength. The great supply of oil comes from the Middle East and developed by the Americans and the British. "Should the Middle East oil disappear, the West would find it extremely difficult to supply its rapidly growing needs and have enough left to meet even the minimum peacetime requirements of Europe alone. The United States might resent to rationing once more or turn its back to Europe where, since the last war, the American people have poured out several billions of dollars to promote economic welfare and contentment among the people." He said that no less than 50% of all energy generated in the world today results from the consumption of oil. He also revealed that the per capita consumption of oil in the U. S. is 600 gallons as compared with 101 gallons in Britain, 63 gallons in France and 6 gallons in Asia. Parrish touched on the world's oil reserves with facts and figures which stand to show that in the most distant future the world may run out of oil. "Industrial nations need the Middle East oil no more than the Middle East needs the capital and skills required to bring out and convert an otherwise dead source into products that have value." In conclusion, he stressed the value of oil to the victory of the Allies in the first and second World Wars, pointing out that in World War II, out of every 3 tons of supplies shipped to the Allied forces overseas, 2 tons consisted of petroleum products. He added that in case of another war, two to three times the petroleum consumed in the last war would be required due largely to multiplication of planes and high-powered weapons. Parrish was introduced by Rotarian Bob Monical of Caltex and who later was fined P10.00 by Leroy Young for being in the same business. Karl Kreutz led Rotarians in singing the "Gay Caballero" dedicated to the guest speaker. "Vince" Bunuan presented a flag of the Rotary Club of Manila to out-going vice-president Bob Trent who in turn gave a short farewell to all club members. Leroy Young also fined Pinong Abriol for having visited Hollywood without bringing his wife along. "Dan" Aguinal do, for landing a whopper of a fish weighing 42 pounds, was fined P1.00 per pound.
Report of meetings : August 2, 1951 / Manny Manahan - page 3-5
The Rotary Balita no. 678 (August 16, 1951)
A subject of vital concern to many Rotarians especially those engaged in industries. in the Philippines was discussed in today's meeting by J. A. Parrish, president of the American Chamber of Commerce and general manager of the Standard Vacuum Oil Co. of the Philippines. Speaking on the subject "Oil and the Philippines," he said that the Philippines must depend on outside sources and therefore it would be to her best interest if assurance could be established that present oil reserves continue to be distributed to free nations. This is especially important due to the fact that up to the present time "we do not know and. I feel equally certain that no one knows if there is oil in the Philippines. For like gold, oil is where you find it." He shed more light on the present Anglo- Iranian oil dispute when he explained the exhaustive efforts exerted by the United States and Britain to solve the explosive oil problem caused by their realization that shortage of the essential fuel will greatly weaken their industrial and military strength. The great supply of oil comes from the Middle East and developed by the Americans and the British. "Should the Middle East oil disappear, the West would find it extremely difficult to supply its rapidly growing needs and have enough left to meet even the minimum peacetime requirements of Europe alone. The United States might resent to rationing once more or turn its back to Europe where, since the last war, the American people have poured out several billions of dollars to promote economic welfare and contentment among the people." He said that no less than 50% of all energy generated in the world today results from the consumption of oil. He also revealed that the per capita consumption of oil in the U. S. is 600 gallons as compared with 101 gallons in Britain, 63 gallons in France and 6 gallons in Asia. Parrish touched on the world's oil reserves with facts and figures which stand to show that in the most distant future the world may run out of oil. "Industrial nations need the Middle East oil no more than the Middle East needs the capital and skills required to bring out and convert an otherwise dead source into products that have value." In conclusion, he stressed the value of oil to the victory of the Allies in the first and second World Wars, pointing out that in World War II, out of every 3 tons of supplies shipped to the Allied forces overseas, 2 tons consisted of petroleum products. He added that in case of another war, two to three times the petroleum consumed in the last war would be required due largely to multiplication of planes and high-powered weapons. Parrish was introduced by Rotarian Bob Monical of Caltex and who later was fined P10.00 by Leroy Young for being in the same business. Karl Kreutz led Rotarians in singing the "Gay Caballero" dedicated to the guest speaker. "Vince" Bunuan presented a flag of the Rotary Club of Manila to out-going vice-president Bob Trent who in turn gave a short farewell to all club members. Leroy Young also fined Pinong Abriol for having visited Hollywood without bringing his wife along. "Dan" Aguinal do, for landing a whopper of a fish weighing 42 pounds, was fined P1.00 per pound.