4 ms·
During standard oils run, the price of kerosene, dropped from 35 cents to 8 cents, and their percentage of the oil market actually decreased significantly long
by dantheman 6y ago
During standard oils run, the price of kerosene, dropped from 35 cents to 8 cents, and their percentage of the oil market actually decreased significantly long before it was broken up.
https://fee.org/articles/the-myth-that-standard-oil-was-a-predatory-monopoly/ https://fee.org/articles/the-myth-that-standard-oil-was-a-pr...
- Mirioron 6y agoI read about that a while ago. This raised the question in the back of my mind: did the investors (Rockefeller) actually want Standard Oil to be broken up? As I understand it, it ended up being incredibly profitable for them.