While large tech companies are currently feeling the heat from regulators and Congress, over a century ago, the trustbusters had their sights on Big Oil.
Around the turn of the twentieth century, Big Oil was John D. Rockefeller’s Standard Oil Trust.
By 1904, the monopoly controlled 91% of the U.S. oil market and 85% of final sales. But it was in the early wildcat days of 1863 that Rockefeller first founded the company that would become synonymous with “black gold.”
Through a web of…
Source link
