By Antonia Juhasz
ISBN-10: 0061434507
ISBN-13: 9780061434501
ISBN-10: 0061705594
ISBN-13: 9780061705595
Reality.
Actually, i'll have rated this e-book five stars simply because Juhasz has written an exceptional evaluate of the background and present prestige of the oil industry.
Insightful, and lucid, she offers a compelling case opposed to 'Big Oil'. and she or he reminds us (repeatedly) that anti-monopoly laws are much less in regards to the skill to manage costs and usually approximately protecting political strength out of the fingers of some monopolists who can pay to proceed to make as a lot funds as attainable, rattling the exterior affects. possibly the ideally suited courtroom justices must have been made conscious of this minor truth whilst the voted to allow limitless company spending on political T.V. ads a number of months again. Frighteningly silly IMO.
So why did not I price it five stars?
Because her suggestions revolved round the implied assumption that if we restrict mammoth Oil's skill to supply this (currently) very important commodity, we are going to decrease our intake of oil. now not actual. WE the folk are an important contributor to the matter. we've got the facility to call for possible choices that do not use oil, yet we do not. Bashing gigantic Oil is good (and infrequently incorrect), yet we have to glance within the replicate and ask if we've got rather attempted to call for whatever except the established order. notion now not.
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Extra info for The Tyranny of Oil: The World's Most Powerful Industry--and What We Must Do to Stop It
Example text
When Ida Tarbell was twelve, the family moved to Titusville, Pennsylvania, then the heart of America’s oil production, where both her father and her brother would ultimately earn their living as small independent oil producers. Ida Tarbell’s mother had been a schoolteacher before marrying and filled the house with books and magazines. One of Tarbell’s earliest remembered pleasures was lying on her stomach reading through Harper’s Weekly, the New York Tribune, and even the Police Gazette (read without her parents’ permission) in which she read weekly updates on Titusville’s renowned “seamier” side of drunkenness, prostitution, and gambling.
60 McKinley did his financiers proud. During his presidency, companies merged into trusts unabated while their power flourished. Together, McKinley and the trusts then took the United States to war, annexed new lands, and opened the door to American imperialism on behalf of corporate interests. Senators Hoar and Sherman were among those (including, most famously, Mark Twain) who deeply opposed these actions. Hoar and Sherman took leading roles in the first meaningful debate in the United States over American imperialism and the role of corporations.
In 1899 Rockefeller yet again changed form rather than function and established the Standard Oil Company of New Jersey as a holding company for the entire operation. New Jersey had just implemented a radical new revision of its business laws to allow corporations to own stock in other corporations—the first such law in the country. A holding company is a corporation that owns enough stock in another corporation to influence its board of directors and therefore to control its policies and management.
The Tyranny of Oil: The World's Most Powerful Industry--and What We Must Do to Stop It by Antonia Juhasz
by Christopher
4.5