Ben Gilbert: evaluation

Transcript context

…Yeah. The first refinery was the Excelsior Works and then Standard Works is the name that he chooses. He's setting the standard. Importantly, it's about setting industry standards. For him, he was observing—I know I'm hammering home on this speculators and cowboys thing, but especially after the war, you've got all these soldiers who are trying to figure out what to do with their lives. They're going, working, and drilling. You have all these people that (I think) in the book refers to someone with a gun, a canteen, and their plot of land in Pennsylvania. I think Rockefeller is basically observing that the kerosene that could power the world is volatile in price. People are scared that it's not safe because it's being refined in questionable ways. People's houses are burning down. There's no professionalization in the kerosene industry the way that he wants to bring it. This notion of Standard is almost like the TSMC chip yield thing. Everything that comes off of our line is super high-quality. Totally. That is exactly the same analogy. This is not necessarily easy stuff to do. They're going to set the standard.…

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