Show IS TO BUCK STANDARD OIL CO an american company being organ iced to develop M 11 II ons of acres of oil lands in mexico new york arrangements haie ha e been completed tor for the organization ot a 50 american syndicate ac cording to an announcement published monday which plans to develop sev eral million acres of oil lands in alexi co the purpose is to ship the product to central and south america al so to europe and africa to compete with the standard oil company the syndicate will take over the mexican petroleum company whick was organized in california in 1902 and owns approximately a millija acres of oil lands in the states of ta mau maull lihas has vera cruz san luls luis potosi more than a hundred gushers are reported on this property with the oil of the same grade as that that of the south eastern texas fields |