Standard oil invented tanker cars and built pipelines. Everyone else was stuck unloading 55 gallon drums from normal railcars beacuse of patents and relative lack of investment.
Then the government broke standard oil up, rather than revoke the patent or reform the system in away way, and prices got higher for consumers in the end.
This is often brought up as a success story. Patents never have worked as intended.
Then the government broke standard oil up, rather than revoke the patent or reform the system in away way, and prices got higher for consumers in the end.
This is often brought up as a success story. Patents never have worked as intended.