Tag Archives: ExxonMobil

This Day In History: Standard Oil Is Declared “Unreasonable” Monopoly (1911)


US Supreme Court Declares Standard Oil an “Unreasonable” Monopoly (1911)

By 1880, through elimination of competitors, mergers, and railroad rebates, John D. Rockefeller’s Standard Oil controlled the refining of up to 95 percent of all oil produced in the US. In 1892, the Ohio Supreme Court ordered the trust dissolved, but it continued to operate. Exposed in Ida Tarbell‘s History of the Standard Oil Company in 1904, it was broken up in 1911 after a lengthy antitrust suit by the US government. What current oil companies have ties to the former Standard Oil? More… Discuss

Boston Could Someday Be the Venice of North America


Boston Could Someday Be the Venice of North America

Sinking land and rising sea levels have cities along the US east coast facing an uncertain future. Planners in Boston, Massachusetts, are so concerned that they are considering flooding the city intentionally. Well, not quite flooding so much as creating a system of canals that would crisscross the low-lying Back Bay area. While it seems unlikely that officials will elect such a drastic approach over simply shoring up foundations and raising infrastructure in anticipation of potential flooding, the plan to bring canal systems to North America has raised awareness of the challenges Boston and cities like it will face in the coming decades. More… Discuss