Monday, August 25, 2014

What better opportunity to monopolize the Standard Oil for transport by pipeline? The manager Danie


Even at that time there were alarmists of "peak oil" (peak oil): in 1875 the head of the Pennsylvania Geological Survey, Henry Wrigley, in its Special Report on the Petroleum had predicted a rapid depletion of the wells of Pennsylvania. After a few months he discovered a new oil field in Bradford. Thousands of prospectors rushed there, causing a collapse ducks unlimited banquet in prices from $ 4 a barrel ducks unlimited banquet to 70 cents in 1878.
What better opportunity to monopolize the Standard Oil for transport by pipeline? The manager Daniel O'Day ducks unlimited banquet built huge storage tanks, succeeding in seven months to increase ducks unlimited banquet the oil reserves in Bradford 1 to 4.5 million tons. The trouble, however, was that no one knew how to transport 10,000 barrels produced each day. The solution adopted by Rockefeller was so risky as winning the oil Bradford had to carry only its suppliers and with a lower price of 20% of the market.
Independent producers revolted by legal appeals in the State of Pennsylvania, losing ducks unlimited banquet them, and sabotaging night of the facilities of the Standard Oil. And there was a real riot, which came to involve the working class, even though we were dancing in the interests of the two groups of the bourgeoisie, however, allies in the new cartel petro-rail: Standard Oil and the Pennsylvania Railroad.
Rockefeller called the head of the rail, Tom Scott, who preferred to continue his battle against the exploitation almost monopolistic transport from Standard Oil. Rockefeller then decided to move his tank wagons on the lines of the New York Central and Erie, triggering the reaction of the Pennsylvania Railroad who fired hundreds of workers, lowered ducks unlimited banquet wages by a fifth and doubled the length ducks unlimited banquet of the trains. There was a mobilization of the railroad, which resulted in a general strike in the industry even after the Baltimore & Ohio Railroad adopted the drastic measures taken by Tom Scott. Only in Pittsburgh were torched 500 cars, 120 locomotives and 27 buildings. ducks unlimited banquet
In terms of capital, however, the hard struggle of 1877 was won by the giant Cleveland: The Pennsylvania Railroad was divided, with Tom Scott who wanted to agree with Rockefeller and Joseph Potts who wanted to continue the battle without ifs and buts. The latter, however, a few years later became director of the National Transit Company, a subsidiary of Standard Oil in pipelines.
Rockefeller bought 47% of Pennsylvania with the cash taken on credit from banks. He also had 21% of the Erie and the New York Central, and 11% of the Baltimore & Ohio. The pipeline network was so concentrated in the hands of the Standard Oil. In 1877, the thirty-eight ducks unlimited banquet John Davison ran 90% of all oil refined in the United States of America.
Given the funding promised by the First National Bank for this project independents who met in the Tidewater Pipe Line Company, the head of Standard Oil was opposed by every means buying land along the North-South ducks unlimited banquet border between Ohio and Pennsylvania, imposed the ban on crossing tracks, spread alarmism on the losses that would have destroyed crops in the vicinity of the pipeline.
The independent Tidewater, in turn, presented in some states of the proposed law to make free passage of oil pipelines. Rockefeller responded by donating $ 60,000 to secretly legislators in New York and also tried to participate in Tidewater with $ 300,000, but in vain. The construction of the pipeline thus came to completion.
At the end of 1879 he agreed with counterparties giving discounted rates and secret discounts, and discrimination between producers who want to transport their oil through the network ducks unlimited banquet of the United ducks unlimited banquet Pipe Lines, already controlled under the table by the Rockefeller group.
The creator of the pipeline of Tidewater, Byron Benson, in March 1880 will declare at a meeting with Daniel O 'Day of Standard Oil: "The time has come for companies to work together in order to prevent other companies from entering the industry." L '"independent" had already entered into the logic of the monopolist. One year after the construction of the pipeline, in fact, the Tidewater was about to enter the sign of his rival.
The business increased more and more. The boom in exports and federal laws that limited the size of the companies forced Rockefeller to create new companies in various states: born in 1882 Standard Oil of New York and Standard Oil of New Jersey. The aim was to avoid taxation on state property outside the border ducks unlimited banquet and to do that Rockefeller had used the services of leading lawyers. Although each company the trust of its Board of Directors, the Standard Oil had constituted a Committee then

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