Evidence receipt / commitment
Published · transcript-backedBen Gilbert: commitment
22 Sept 2021 Acquired Standard Oil Part I
“Gasoline helped later. It turns out that compounding can show up especially when the second business line gets layered on top, but we will get into it.”
Source trail
Everything needed to verify it.
- Speaker
- Ben Gilbert
- Attribution
- Verified speaker
- Claim type
- commitment
- Recorded
- 22 Sept 2021
- Publisher
- Acquired
- Episode
- Standard Oil Part I
Transcript context
…Yeah. John D. becomes the wealthiest person in modern human history before gasoline. This is a different oil. Yeah. Gasoline helped later. It turns out that compounding can show up especially when the second business line gets layered on top, but we will get into it. Listeners, the other thing that is crazy that I want to point out is I didn't realize how much Standard Oil is very much with us today despite being famously broken up. The parts went on to become Exxon and Mobil, Marathon, Amoco—which of course is now a part of BP—Chevron, and several other companies. When you look at a gas station, you are probably looking at some remnant of Standard Oil, so this one will be at least a two-parter. It turns out that the company responsible for creating the entire modern energy industry has a lot of wild stories. All right. Listeners, before David takes us in as always, this show is not investment advice. David and I may have investments in the companies we discuss. Unlikely in this case.…
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