Rockefeller and Standard Oil: How One Man Controlled 90% of the Oil Market
There is a famous Rockefeller quote: “Competition is a sin.” Most people hear that and think it is just a rich guy being arrogant. But when you read Chapter 5 of Torsten Dennin’s “From Tulips to Bitcoins,” you realize this was not just talk. This man actually eliminated competition. All of it. He controlled 90% of the oil refining in the United States. One person. Ninety percent.