Is Gaddafi an Oil Robber Baron?

March 6, 2011 by · 1 Comment 

The struggle for control over oil resources is one of the most dominate factors in economic history. A timeline of the oil robber barons is compelling, especially when viewed from the perspective of muckraking Ida Tarbell. In the History of The Standard Oil Company, Tarbell influenced public opinion and provided pressure for government regulation of the oil monopoly. Martha R. Gore writes in The “Joan of Arc” of the Oil Regions Who Exposed Standard Oil, “In November 1906, the federal government took Standard Oil to court, charging it with obstructing interstate trade, a violation of the Sherman Antitrust Act of 1890. The result was the breakup of Standard Oil and the end of its power to destroy its competition and control of the American oil market”.

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