A government is a body which governs the people and represents the best wishes of the majority of the people. The matter is a standard oil monopoly brings up oil princes which hurts the people, and I imagine that is against the wishes of the majority but definitely wanted by the few which will profit from it.
Because of the monopolies in the oil business, gas prices will continue to rise. If they do not break, people will stop using using their cars, because they couldn't afford the gas or a car that uses an alternate power source of better gas rating. And many people if not most of the people in the United States travel at least 20 miles to work. Not everyone can walk that far, or bike that far. So they will be forced to quit their jobs, so that's less people in the country working, and increasing the numbers of people without jobs and getting on foodstamps, welfare, ssi check....Etc, thus increasing the nations debt.
Any monopoly will cause trouble for consumers who are trying to survive in a vicious economy. Standard Oil should be broken up, but I fear that the government may try to take control of the oil industry which would also hurt consumers. If the government encourages small oil companies to compete and supports them, it would take away the monopoly without threatening the people.
Yes, the monopoly of Standard Oil should be broken up. Although our Federal government has become much too large and powerful, still it's main mission needs to be the care and protection of its citizens. This includes seeing to it that citizens aren't held hostage by something over which they have no control.
Most of us can't go out into our backyard and drill an oil well, build a refinery in the garage and process our own gasoline. Therefore, it is up to our government to care for and protect us by breaking up monopolies that allow a very few to reap huge profits while the rest suffer.
I think more competition would be good for vehicles, the Earth, fuel sources and mass transportation in general. When you only have a few hands holding all the oil it's not good. Alternate fuel sources would definitely go a long way in making this a reality. Not to mention that eventually our main sources of fuel are going to expire, which in turns makes it harder on everyone.
They should break up all of the oil monopolies because gas prices have risen too much. The economy is terrible and people have no money but gas prices still rise. It makes no sense. Gas prices should drop. They are only hurting americans more by letting the monopolies stand like they are.
Think about it, if you piss them off they would raise the prices, but as long as they are happy, and not greedy they will keep the prices down. It is the same as the middle east with our oil. We wouldnt have to buy oil from them, but our government is selfish and sells our oil to other countries, for a major profit, and then uses that money to buy from the middle east. And what happens when they are mad? Our gas prices sky rocket.......... Why is it ok for them to be a monopoly, but we cant have them in side our country???
No because this already happen in 1911.
Standard Oil Co. Inc. Was an American oil producing, transporting, refining, and marketing company. Established in 1870 as a corporation in Ohio, it was the largest oil refiner in the world. Its controversial history as one of the world's first and largest multinational corporations ended in 1911, when the United States Supreme Court ruled that Standard was an illegal monopoly.
Standard Oil dominated the oil products market initially through horizontal integration in the refining sector, then, in later years vertical integration; the company was an innovator in the development of the business trust. The Standard Oil trust streamlined production and logistics, lowered costs, and undercut competitors. "Trust-busting" critics accused Standard Oil of using aggressive pricing to destroy competitors and form a monopoly that threatened consumers.
John D. Rockefeller was a founder, chairman and major shareholder. With the dissolution of the Standard Oil trust into 33 smaller companies, Rockefeller became the richest man in the world.
The data from the Supreme Court case clearly explains that Standard Oil:
a) improved consumer prices for oil by nearly 200% over a 10 year period
b) had less refineries in 1910 (1 year before case) than it did in 1897 because other companies were catching up (therefore how was it a "monopoly"?)
c) simply used good (albeit ruthless) business tactics to grow its business
How is it that John D. Rockefeller, the greatest businessman that ever lived, who lit the homes of every household in America, who provided millions from exports, who gave the world cheap kerosene and vasoline and hundreds of other useful products, got sued for screwing people? I have presented you my data for this, I would like to see yours.