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How Did Rockefeller React To The Rise Of The Oil Industry

443 Words2 Pages
The oil industry was likely to have one company controlling too much. Rockefeller knew how rare oil was and what kind of income it had. He used this knowledge to start a monopoly. The way he did business and the strategies that he used to create Standard Oil would make anyone blush, but the finished product was not as bad for to the economy or the environment as it was before he took it over.

When oil companies were trying to make the most of the stuff they had, they would pump their waste on the ground or into rivers instead finding correct ways of disposal. They also saved money by using low quality pipelines that would leak. By the time Standard Oil had most of the oil production and distribution in the US, it had figured out how to make
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