“We used to burn it for fuel in distilling the oil,” said Rockefeller, “and thousands and hundreds of thousands of barrels of it floated down the creeks and rivers, and the ground was saturated with it, in the constant effort to get rid of it.” Source: “Titan: The Life of John D. Rockefeller Sr.” by Ron Chernow

Part 1 is on John David Rockefeller, the founder of Standard Oil and the richest person to ever live, not just in America, but in the history of the world. Although Standard Oil was eventually forced to break into multiple companies because it was ruled a monopoly, BP, Exxon, ConocoPhillips and Chevron (among others) are all subsidiaries of Standard Oil. Cleveland was a mere hundred miles from the oil region, and Rockefeller was fascinated with the prospects of refining oil into kerosene. He may have visited the region as early as 1862. By 1863, he was talking oil with Samuel Andrews, and two years later they built a refinery together. Rockefeller founded the Standard Oil Company in 1870. He ran it until 1897, and remained its largest shareholder. Rockefeller's wealth soared as kerosene and gasoline grew in importance, and he became the richest person in the country, controlling 90% of all oil in the United States at his peak. Standard Oil geologists arrive in Saudi Arabia. On September 23, 1933, a party of American geologists lands at the Persian Gulf port of Jubail in Saudi Arabia and begins its journey into the desert. That July, with the discovery of a massive oil field at Ghawar, Saudi King Abdel Aziz had granted the Standard Oil Company of California Standard Oil, Royal Dutch Shell, and British Petroleum: The Original Super-Majors. John D. Rockefeller, who began his career in refining, became the industry’s first “baron” in 1865, when he formed Standard Oil Company. By 1879, Standard Oil controlled not only 90% of America’s refining capacity, but also its pipelines and gathering systems.

However, Colonel Drake's heralded discovery of oil in Pennsylvania in 1859 and Standard Oil, Royal Dutch Shell, and British Petroleum: The Original Super- 

Production increased in the Pennsylvania Oil Regions because of a large discovery in the Bradford area. Standard was forced to frantically build as many large  Standard Oil, U.S. company and corporate trust that from 1870 to 1911 was the industrial empire of John D. Rockefeller and associates, controlling almost all oil   14 Jan 2020 A discovery of large underground oil reservoirs, made accessible with new drilling technology, created a boom of oil companies in  16 Oct 2019 Darren Dochuk shows how oil and American Christianity have long shaped each other. Embodied especially by the Rockefeller clan, the civil religion of Their discoveries of oil in California and Texas in the early 1900s 

It is related of John D. Rockefeller that he wanted to live till he was a hundred Standard Oil neglected the discovery of rich deposits in Texas, and Texas Oil 

28 Sep 2013 It would be years before the discovery was commercialized. The boom in Standard Oil stocks on the Curb and "over the counter" yesterday  In 1959, Standard Oil (New Jersey) discovered oil in Libya, setting off a decade of major discoveries in the Middle East. Standard Oil established itself as a 

6 Oct 2014 The commercial viability of producing this oil under current market conditions is yet to be determined but the size of the find (estimated at 

Soon after Colonel Edwin Drake struck oil, 70 feet down, in Titusville, history of Pennsylvania's oil region, ranking it just behind the day oil was discovered. and then, as John D. Rockefeller consolidated the refineries, straight to railroads. The problem was solved by a pair of chemical engineers at Standard Oil of Freon (see Air Conditioning and Refrigeration), discovered that adding a form of   28 Sep 2013 It would be years before the discovery was commercialized. The boom in Standard Oil stocks on the Curb and "over the counter" yesterday  In 1959, Standard Oil (New Jersey) discovered oil in Libya, setting off a decade of major discoveries in the Middle East. Standard Oil established itself as a  A look at the formation and early beginnings of Standard Oil. to the task of discovering ways to lower every cost while continuously seeking additional sources  The turning point into the oil industry for Rockefeller happened in 1859 when Edwin Drake discovered oil. Rockefeller was convinced refining oil would bring 

However, Colonel Drake's heralded discovery of oil in Pennsylvania in 1859 and Standard Oil, Royal Dutch Shell, and British Petroleum: The Original Super- 

In 1959, Standard Oil (New Jersey) discovered oil in Libya, setting off a decade of major discoveries in the Middle East. Standard Oil established itself as a  A look at the formation and early beginnings of Standard Oil. to the task of discovering ways to lower every cost while continuously seeking additional sources  The turning point into the oil industry for Rockefeller happened in 1859 when Edwin Drake discovered oil. Rockefeller was convinced refining oil would bring  24 Mar 2016 Heirs to the oil fortune created by John D. Rockefeller, who founded Standard Oil in 1870, are exiting the family business. The Rockefeller  John D. Rockefeller (1839-1937), founder of the Standard Oil Company, became one of the world’s wealthiest men and a major philanthropist. Born into modest circumstances in upstate New York, he entered the then-fledgling oil business in 1863 by investing in a Cleveland, Ohio refinery.

The discovery of oil by the Anglo-Persian Oil Company at Masjid-i-Sulaiman in the mountains of north-western Persia in 1908; but the consensus of geological opinion at the time was that there was no oil on the Arabian peninsula, although there were rumours of an oil seepage at Qatif on the eastern seaboard of Al-Ahsa, Gulf Oil and Texaco, now part of Chevron Corporation, were formed to develop production at Spindletop. According to Daniel Yergin, the Spindletop discovery led the United States into the oil age. Prior to Spindletop, oil was primarily used for lighting and as a lubricant. Because of the quantity of oil discovered, The Rockefellers’ war against oil and gas I know, for example, that there are people in their thirties named John D. Rockefeller V and Henry Ford III, ExxonMobil responded by flooding the attorney general’s offices and their allies in the nonprofit world with reams of discovery requests. Rep. When Edwin Drake discovered oil in 1859 in Titusville, Pennsylvania, Rockefeller saw the future. He slowly sold off his other interests and became convinced that refining oil would bring him great wealth. Waste Not Rockefeller introduced techniques that totally reshaped the oil industry. In the mid-19th century, the chief demand was for kerosene.