Tag Archives: standard oil company

today’s birthday: Ida Tarbell (1857)


Ida Tarbell (1857)

Tarbell’s investigative journalism earned her a reputation as a leading “muckraker“—one who investigates and exposes issues of corruption and misconduct. Her 19-part exposé for McClure’s Magazine, later published in a book titled The History of the Standard Oil Company, led to the breakup of the Standard Oil monopoly and is seen as a model for journalism today. Where did this book rank on a 1999 list of the top 100 works of American journalism in the 20th century? More… Discuss

This Day in the Yesteryear: SIGNIFICANT OIL RESERVOIRS DISCOVERED IN SAUDI ARABIA (1938)


Significant Oil Reservoirs Discovered in Saudi Arabia (1938)

Prior to 1938, Saudi Arabia was not considered an oil-rich nation. Today, the oil industry dominates its economy, making up 90 percent of all Saudi exports. Oil was first discovered there in the mid-1930s by the US-owned Arabian Standard Oil Company, which became the Arabian American Oil Company. However, it was not until 1938 that a commercially viable oil field was found, yielding one of the largest supplies in the world. How large are Saudi Arabia’s oil reserves estimated to be? More… Discuss