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Tesla Integrated EV Company Mirrors Standard Oil Integrated Oil

Brian Wang's picture
Independent Writer nextbigfuture

Brian Wang is a business-oriented futurist, speaker and author of emerging and disruptive technologies. He is the sole author and writer of, a science-focused news site that...

  • Member since 2018
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  • Apr 15, 2021

Standard Oil and Rockefeller is known for the massive Monopoly they had in the early decades of the oil era. They were innovators in oil refining technology and reinforced their monopoly with technological innovation. Standard Oil started by creating an oil refining monopoly but then integrated and innovated backward through the oil supply chain. They created and perfected oil pipeline technology and obtained oil fields. In 1870, when Standard Oil was formed, the price of kerosene was $0.26 / gallon. By 1880, they had driven the price down to $0.09 / gallon. The price was further reduced to ~$0.07 per

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