The Metric System

Rethinking the Economic Basis of the Standard Oil Refining Monopoly: Dominance Against Competing Cartels

“…255 Williamson and Daum describe the significance of Standard Oil's acquisition of the pipelines more directly: "control over the gathering lines gave Standard a better bargaining position vis-a-vis the Pennsylvania Railroad." 256 Competitive conditions in the industry were disrupted slightly in 1875 with the extension of the Atlantic Pipeline connecting sources in Pittsburgh to Freeport, a terminal of the Baltimore & Ohio Railroad. 2 57 This new pipeline created a direct connection to the Baltimore & Ohio to transport east.…”