This group brings together the best thinkers on energy and climate. Join us for smart, insightful posts and conversations about where the energy industry is and where it is going.

Post

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 nextbigfuture.com, a science-focused news site that...

  • Member since 2018
  • 262 items added with 566,217 views
  • Apr 15, 2021 3:24 pm GMT
  • 454 views

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

The post Tesla Integrated EV Company Mirrors Standard Oil Integrated Oil first appeared on NextBigFuture.com.

Your access to Member Features is limited.

Brian Wang's picture
Thank Brian for the Post!
Energy Central contributors share their experience and insights for the benefit of other Members (like you). Please show them your appreciation by leaving a comment, 'liking' this post, or following this Member.
More posts from this member
Discussions
Spell checking: Press the CTRL or COMMAND key then click on the underlined misspelled word.

No discussions yet. Start a discussion below.

Get Published - Build a Following

The Energy Central Power Industry Network is based on one core idea - power industry professionals helping each other and advancing the industry by sharing and learning from each other.

If you have an experience or insight to share or have learned something from a conference or seminar, your peers and colleagues on Energy Central want to hear about it. It's also easy to share a link to an article you've liked or an industry resource that you think would be helpful.

                 Learn more about posting on Energy Central »