In 1911, the Supreme Court of the United States found Standard Oil Company of
New Jersey in violation of the Sherman Antitrust Act and held that Standard Oil,
which by then still had a 64% market share, originated in illegal monopoly
practices and ordered it to be broken up into 34 new companies. These included,
among many others, Continental Oil, which became Conoco, now part of
ConocoPhillips; Standard of Indiana, which became Amoco, now part of BP;
Standard of California, which became Chevron; Standard of New Jersey, which
became Esso (and later, Exxon), now part of ExxonMobil; Standard of New York,
which became Mobil, now part of ExxonMobil, and Standard of Ohio, which became
Sohio, now part of BP. Rockefeller, who had rarely sold shares, owned
substantial stakes in all of them.The rise of the Standard Oil men to great
wealth was not from poverty. It was not meteor-like, but accomplished over a
quarter of a century by courageous venturing in a field so risky that most large
capitalists avoided it, by arduous labors, and by more sagacious and farsighted
planning than had been applied to any other American industry.
All this is a bunch of garbage,senators and congressmen had better wake up along
with the lame-duck president,we are sick in tired of this,we should be drilling
for oil in our states and not buy any oil from other countries,irag made a 79
billion dollar profit on oil and pay only 50 cents or less per gallon and we
have spent billions of dollars fighting for them and our servicemen are still
being killed,besides gas and foods that are up in price the us senators and
congressmen are making top dollars,they never take a pay cut,no more freebies
for any,when the war is over guess who is gong to pay to build up those
countries,you are 100 per cent right,we are......wake up in washington,before
its to late.
The United States needs to bring manufacturing, refining, and jobs back to the
USA. We need to come up with new investment solutions to support "Made in the
USA". We cant become economic prisoners of big corporations and foreign
investors from over seas.
TALK TO CONGRESS.... seems they are enjoying this. Doesn't hurt them because we
pay their fuel bill. Let them pay their own for awhile and they will not say
anything about drilling ever again.They need to get the companies for
price gouging and the people need to remember this when they go to vote on
congress...seems as if the ones that are elected now have forgotten why they
were elected...so maybe none need to be re-elected...then they will have to pay
their own gas..
Republican big oil economics. Raise gas prices when oil prices rise. Raise gas
prices when oil prices decline. Must be that trickle down thing.
We can really use some relief and since the gov't is unwilling to do anything,
what is left to do... Ride a bike, carpool, public trans., anything but pay
these ridiculous prices. At the current price of oil, we should be paying just
under $3.00 but we are over $4.00, @ $4.26 in NW indiana. The country needs to
rise up against this oppresion from the oil companies and let them know, WE WILL
NOT STAND FOR THIS ANY LONGER!!!! God bless the USA.
Even thought oil prices have droped below $95.00 dollars a barrel, Gas companies
are having a very hard time letting the $4.00 dollars a gallon go.They have
gotten so used to that huge profit that they will find any excuse to keep it
close to $4.00 a gallon.I have been driving for 50 years, and this is the first
time i have ever heard of gas prices going up because of rain. And as long as it
continues to generate billions of dollars in taxes, our goverment will continue
to look the other way.