Acquired · Sep 21Standard Oil Part I
It built a 110-mile pipeline to Williamsport that began working in 1879. Standard had the railroads cut rates until it was uneconomic, and Tidewater sold Standard a minority stake in March 1880.
Tips
- Rockefeller starved a rival pipeline through rail rate cuts, then bought it and built his own▶ 1:43:13Standard built pipelines from Titusville to Cleveland, New York, Philadelphia and Buffalo.
- Rockefeller turned a rival technology into his own by buying and co-opting it▶ 1:45:12Standard owned the leading pipelines after Tidewater sold a minority stake in March 1880.
