Back

Hiral Jain

Content writerย โ€ขย 9m

Hey everyone, how's everyone doing today? (part 3) So, John and Clark invested in an oil business and built a refinery in Cleveland. Their unique idea of refining oil with sulfuric acid to create longer-lasting and brighter kerosene sets them apart in the market. The oil was given the nickname "BLACK GOLD." The volatile oil market saw prices fluctuate wildly due to demand and supply dynamics, sometimes selling for as low as 1 cent per barrel and other times fetching $12. Therefore they decided to only focus on refining the oil and this was the most profitable side venture. Uncertainty in the market led Clark to sell his business to John for a mere 72500$. Just as the deal was closing, a new oil reserve was discovered, relieving any fears of running out of oil. The business was coined as the Standard Oil Company and partnered with Flager, who shared his dedication to the business. However, Flager's ruthless approach, viewing business as a form of warfare, and so was adopted by John

1 replies4 likes

More like this

Recommendations from Medial

Image Description
Image Description

Hiral Jain

Content writerย โ€ขย 9m

Hey everyone, it's awesome to be back with you. [this post is a continuation of a previous post, check that out before] You all remember young John, right? He wasn't fazed when his old company shut down. With enough savings and a partner named Clark

See More
6 replies7 likes
Image Description
Image Description

Hiral Jain

Content writerย โ€ขย 9m

Hey there! Ready for the John and Flagler again! (p-5) As we have seen J&F cracked deals with both railroads and both parties were in a win-win situation. The only parties who were at a loss were P Railroads and the competitors of Standard Oil. Now

See More
2 replies12 likes
Image Description
Image Description

Sanskar

Keen Learner & Explo...ย โ€ขย 18d

An Edible Hair Oil? Do you know you can use Parachute coconut oil as an hair oil and also an edible oil. As per the parachute bottle it is 100% pure edible coconut oil and is also licensed by FSSAI and the insane part, it does not says anywhere as

See More
2 replies17 likes
2
Image Description

Havish Gupta

Figuring Outย โ€ขย 25d

Why Google is entering the Oil Business?

1 replies8 likes
1
Anonymous

A unisex skincare brand offering oil cleansers that can be used conveniently in the office or college to remove dirt and impurities without the need for water as oil cleasers (not oil-control)

0 replies
Image Description
Image Description

Hiral Jain

Content writerย โ€ขย 9m

Hey everyone! Sup? Everyone among us does aspire to be a billionaire but today's let's know the story of the worlds first billionaire John D. Rockefeller, had a remarkable and tumultuous life. Born into poverty, he displayed exceptional intelligence

See More
10 replies4 likes
1

Aryan patil

ย โ€ขย 

Monkey Adsย โ€ขย 9m

0 replies3 likes
Image Description

Basharat Mehdi

GreenDragonย โ€ขย 1m

anyone intrested in apricot hair oil business. it has large benefit. google it. both apricot oil and salajeet of Kargil Ladakh are famous. Time to turn into large business icon. lets join hand and start.

1 replies3 likes
1
Anonymous
Image Description

John Parvec and his unusual car in the form of a huge tire, England, 1932.

1 replies1 like
Image Description
Image Description

Venkey

Founder of Tenderale...ย โ€ขย 10m

Hi to everyone this is venkatesh recently I created a hair oil which makes strong hair ,removal of dandruff and removal of hairfall but the compition is very high in this field but no hair oil like this in the market Our hair oil mainly focus on

See More
11 replies8 likes

Download the medial app to read full posts, comements and news.