Shane Parrish
speaker
20,679 appearances
49 recordings
3 series
first heard May 2025
last heard 15 Sep
Shane Parrish’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 30 in all, peaking in Jan 2026 with 4.
Appearances
He decided to absorb it as his own.
If pipelines were the future, Standard Oil would own pipelines.
But not just one.
Standard Oil next laid four great lines of its own from the oil fields to Cleveland to New York to Philadelphia and finally to Buffalo.
By 1881, it had folded the whole web of pipelines into one single entity.
Standard now controlled the pipelines the same way it had once controlled the railroad rebates.
By 1881, Rockefeller had a problem almost no businessman in America had faced before.
His company had outgrown the laws of the company it operated in.
Standard Oil was chartered as an Ohio corporation, but under the laws of the time, a corporation chartered in one state could not own property or stock in other companies in another state.
Yet Standard Oil effectively controlled refineries in Pennsylvania, New York, New Jersey, and Maryland, plus the pipelines, plus terminals and plants across the map.
Legally, though, Standard Oil of Ohio wasn't allowed to own almost any of it.
For years, they had papered over this with improvisions.
They had held most of their companies in secret.
Properties in other states were parked in the names of various individuals from those states.
Men Rockefeller or Flagler trusted as caretakers.
Then they used codenames and correspondence.
It worked barely, but the growing empire had become a coordination nightmare.
Major decisions were now scattered between partners located in Cleveland, New York, Pittsburgh, Philadelphia, and even Baltimore.
The empire had outgrown its disguises.
The solution, drafted with Henry Flagler's help and signed on January 2, 1882, became known as the Standard Oil Trust.
Showing 1781–1800 of 20,679 · page 90 of 1034
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