The global oil industry would look identical today without Standard Oil
Ben Gilbert · Standard Oil Part I · Acquired · Sep 22, 2021 · at 2:26:33
Ben Gilbert and David Rosenthal debate whether John D. Rockefeller's monopolization fundamentally altered the historical development of the energy sector.
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“I think the world would end up in no no different of a place. I think it would have been totally net even. And the only difference would be that the, you know, Rockefeller family foundation wouldn't be as large. I think give or take a few years, I think the whole thing would have played out pretty similarly. And we would have ended up in the same sort of major players in the oil world that we have today.”
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