Daniel Yergin

Well, I think it was the discipline of the business.

He really created a very disciplined business.

They went out to two decimal points.

And that was before it was not even no computers or no calculators, but it was that rigorous attention to detail, but scale.

But I think it was also boldness and being able to see where you needed to go next and then to implement it.

Well, it was really a waste product.

You know, there was not much to do with it because it was all about lighting.

Today, of course, you know, oil, you know, it's so much in everything.

It's, you know, it's in your furniture.

It's in your COVID vaccine.

I mean, it's, you know, it's everywhere.

Yeah.

Well, a mistake, I don't know.

It is the most famous antitrust case in history.

And it reflected the times because you had these big trusts.

And it was a mistake, I don't know, it broke up these companies and created more independent companies, provided more room for innovation, for people to develop.

So probably actually led to a stronger industry.

Of course, the other thing that happened as a result of the breakup of Standard Oil

was that these individual parts then got valued in the marketplace.

And lo and behold, as a result of that, that John D. Rockefeller, as a shareholder, actually became three times as rich.