Monday, January 27, 2014

The Struggle for Global Domination

Standard Oil had won total domination of the US Oil industry and the world wide market for kerosene - its then most valuable product - by the 1870s, but the Nobel brothers brought modern technology to the oil fields of Baku and soon Russian production had become a significant factor, taking back the Russian market. After a railroad and pipeline reached the Black Sea, thanks to Rothschild investment, Europe was opened to Russian Oil, and by 1990 1890 a three cornered fight between Standard, the Nobels, and the Rothschild companies for global dominance was in full swing, with new technology for transport developing explosively - or actually the reverse, since a major point of the technology was avoiding the explosions that plagued some early transportation efforts.