Rockefeller originated the cartel model.
Through Standard Oil he created a monopoly on the energy network.
He got to be the incipient of the path dependence of the network he’s creating.
They bought the refineries - they refined the oil, stored it, owned all the tanker cars, tanker ships and had an energy network. They even had retail distribution, and even give away furnaces in order to sell the energy -a freemium model!
They monopolized everything to get rid of the volatility in the industry and drive efficiency through standardization.
This was the world’s first serious energy network - so powerful that even 100 years after his death, those companies are still worth $1 Trillion
2minutebitcoin
npub1p6…9ej3v
2023-05-14 08:52:14
Author Public Key
npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3vPublished at
2023-05-14 08:52:14Event JSON
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"content": "Rockefeller originated the cartel model.\nThrough Standard Oil he created a monopoly on the energy network.\n\nHe got to be the incipient of the path dependence of the network he’s creating.\n\nThey bought the refineries - they refined the oil, stored it, owned all the tanker cars, tanker ships and had an energy network. They even had retail distribution, and even give away furnaces in order to sell the energy -a freemium model! \nThey monopolized everything to get rid of the volatility in the industry and drive efficiency through standardization. \n\nThis was the world’s first serious energy network - so powerful that even 100 years after his death, those companies are still worth $1 Trillion",
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}