Some years ago one oil company bought a fertilizer company, and every other major oil company practically ran out and bought a fertilizer company. And there was no more damned reason for all these oil companies to buy fertilizer companies, but they didn't know exactly what to do, and if Exxon was doing it, it was good enough for Mobil and vice versa.
You oil field workers, come and listen to me I'm goin' to tell you a story about old John D. That company union made a fool out of me. That company union don't charge no dues It leaves you a-singing them Rockefeller blues. That company union made a fool out of me. Takes that good ole C.I.O., boys To keep that oil a-rollin', rollin' over the sea. Takes that good ole C.I.O., boys To keep that oil a-rollin' over the sea.
The oil industry is a stunning example of how science, technology, and mass production can divert an entire group of companies from their main task. ... No oil company gets as excited about the customers in its own backyard as about the oil in the Sahara Desert. ... But the truth is, it seems to me, that the industry begins with the needs of the customer for its products. From that primal position its definition moves steadily back stream to areas of progressively lesser importance until it finally comes to rest at the search for oil.
Now, if the Standard Oil Company were the only concern in the country guilty of the practices which have given it monopolistic power, this story never would have been written. Were it alone in these methods, public scorn would long ago have made short work of the Standard Oil Company. But it is simply the most conspicuous type of what can be done by these practices. The methods it employs with such acumen, persistency, and secrecy are employed by all sorts of business men, from corner grocers up to bankers. If exposed, they are excused on the ground that this is business.
Speculation in oil stock companies was another great evil ... From the first, oil men had to contend with wild fluctuations in the price of oil. ... Such fluctuations were the natural element of the speculator, and he came early, buying in quantities and holding in storage tanks for higher prices. If enough oil was held, or if the production fell off, up went the price, only to be knocked down by the throwing of great quantities of stocks on the market.
The foolish took their lamps, but took no oil (pursued ministry as their priority over getting oil). The wise took oil in their vessels with their lamps (pursued oil as their priority before ministry). At the dark midnight hour of history, the Spirit will raise up forerunners who cry out that Jesus is coming as a Bridegroom God and that we must go out to meet Him (make the necessary effort to encounter Him). They all slept which speaks of living in context to the natural processes of life.
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