Peak Kerosene Prices During Civil War
Citations (1)
- Titan: The Life of John D. Rockefeller, Sr. whole source · open book
inside them to shake loose more oil, swelling the surplus. Within a year or two after the Civil War, the oil flood caused prices to skid to as low as $2.40 a barrel—they had traded as high as $12 in 1864—leading producers to contemplate forming a cartel to boost prices. The same predicament roiled refining, which had generated astronomical profits at first. As Rockefeller said tartly, the spoiled ref
chapter: CHAPTER 8 - Conspirators