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Why might standard oil have failed had they not exported oil to foreign countries?
Wiki User
∙ 10y ago
Standard Oil may have failed because at the end of the century, the Standard Oil Trust controlled the oil industry of the Americas, while Shell was a major player in much of the rest of the world, but major events altered this situation: in 1901 the great Spindletop gusher brought Texas oil into the picture, eventually bringing Gulf and Texaco into the big leagues.
Wiki User
∙ 10y ago
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