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Published · transcript-backed

Ben Gilbert: belief

22 Sept 2021 Acquired Standard Oil Part I

“As fun as it is to imagine and theory craft why he was right and how that would have played out, I think net net, we would have consumed about the same amount of oil between then and now.”

— Ben Gilbert

Source trail

Everything needed to verify it.

Speaker
Ben Gilbert
Attribution
Verified speaker
Claim type
belief
Recorded
22 Sept 2021
Publisher
Acquired

Transcript context

…That's a really good point. Rockefeller was a genius on so many levels. He brought the Morris Chang level of thought and discipline to the business, but eventually, other people would have done that too. Yup. It might have been a little more annoying where you had to get those two types of kerosene sitting next to each other on the shelf and make sure to buy the compatible one for whatever apparatus lamp you had at home. That would have been a slight bummer. I think Rockefeller made a lot of arguments that served his purpose. As fun as it is to imagine and theory craft why he was right and how that would have played out, I think net net, we would have consumed about the same amount of oil between then and now. Consumers would have spent about the same amount of money on oil between then and now. And we would have about the same number of players we have today. Let's see if I can translate it right, it sounds like you're arguing for a grade of a C, like a passing grade.…

Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.

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