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Issue 2, Volume 9, 2012
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Oilfield Glossary
Author Rasoul Sorkhabi, ph.d.
Exactly a hundred years ago Standard Oil, which controlled the oil industry in the US, was forced to split into several companies, due largely to the pioneering work done by Ida Tarbell.
In 1911 - now one hundred years ago - the US Supreme Court ordered the Standard Oil Company, an oil monopoly in the USA, to split into several independent companies with separate boards of management. This anti-trust regulation against a company that controlled 90% of oil production in the USA was partly influenced by the research work of a woman journalist, Ida Tarbell, author of The History of Standard Oil Company. Here we present the first of a three-part look at this fascinating chapter in the history of the oil industry. In this issue, we look at the life and work of Ida Tarbell and how she was led to write that masterpiece in the history of investigative journalism and the oil industry. In the next issue we will present a profile of John D. Rockefeller and how he created the Standard Oil Company. Finally, we will examine the structure of Standard Oil and what actually happened to its child companies.