How to Take Down a Monopoly Part 1 - Kings & Kerosene | Polandball/Countryball History

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  • Опубліковано 17 лип 2024
  • 👉Watch Part 2 here: • How to Take Down a Mon...
    📢Learn how to take down a monopoly in this video covering the world-changing shenanigans of Royal Dutch, Shell, The House of Rothschild, and Standard Oil. You can help us make more videos like this one on: 👀
    🥰Patreon: / callmeezekiel
    ▶️UA-cam Memberships: / @callmeezekiel
    ⭐SubscribeStar: www.subscribestar.com/CallMeE...
    🙏PayPal: www.paypal.com/donate?hosted_...
    📚Main sources:
    🛢️Breaking Rockefeller: The Incredible Story of the Ambitious Rivals Who Toppled an Oil Empire: amzn.to/3NokxM9
    Note: As an Amazon Associate I earn from qualifying purchases.
    Crypto: 💸
    🟠BTC: bc1qj2szqj0h0rj2zz5x0zdhr8fzrh85zmatwxht26
    🔵ETH: 0x0344A4aF3eCe5F8E5C0f65FC4c7eB667bf31cD60
    You can also watch us on... 👀
    ❤️Odysee: odysee.com/@CallMeEzekiel
    💚Rumble: rumble.com/CallMeEzekiel
    💬Learn about history, economics, and more with CallMeEzekiel in this fun and informative video presented in the Polandball/Countryball style.
    🎵 Music from:
    - Mr. Sandman
    - SING, SING, SING
    - In the Mood
    - Rhapsody in Blue
    🏆Credits:
    - The Oil Gush in Balakhany (1898)
    - Ape With AK-47 • Ape With AK-47
    - This video was heavily based on “Breaking Rockefeller” - a book by Peter B. Doran.

КОМЕНТАРІ • 148

  • @CallMeEzekiel
    @CallMeEzekiel  4 роки тому +100

    👉Don't forget to watch Part 2: ua-cam.com/video/WQTZRbhvBik/v-deo.html
    🥰Patreon: www.patreon.com/CallMeEzekiel
    ▶UA-cam Memberships: ua-cam.com/channels/nZ1r94_Ptz_1gN5VBnE0Mg.htmljoin
    ⭐SubscribeStar: www.subscribestar.com/CallMeEzekiel
    🙏PayPal: www.paypal.com/donate?hosted_button_id=EAQPBZ8VHGFL6
    📚Main sources:
    🛢Breaking Rockefeller: The Incredible Story of the Ambitious Rivals Who Toppled an Oil Empire: amzn.to/3NokxM9
    Note: As an Amazon Associate I earn from qualifying purchases.
    Crypto: 💸
    🟠BTC: bc1qj2szqj0h0rj2zz5x0zdhr8fzrh85zmatwxht26
    🔵ETH: 0x0344A4aF3eCe5F8E5C0f65FC4c7eB667bf31cD60
    You can also watch us on... 👀
    ❤Odysee: odysee.com/@CallMeEzekiel
    💚Rumble: rumble.com/CallMeEzekiel
    Fun fact: you can see my drawing visibly get better over the course of the video. Not only are the later frames just plain better than those at the beginning, I got faster at drawing them too, which translated into more characters and accessories on each frame. (Note: the first dozen or so frames were drawn at the end of production.)
    I didn’t originally plan for this to be in two parts, but the script got too long and I found this story way too interesting to cut anything. So continue on to part two to find out what happens to Royal Dutch, Shell, Standard Oil, and our special guest: the Russo-Japanese war! ua-cam.com/video/WQTZRbhvBik/v-deo.html

    • @evansavage2040
      @evansavage2040 4 роки тому +5

      I see the polandball comics have manifested into something.

    • @donovan8852
      @donovan8852 4 роки тому

      Y’all ain’t gotta

  • @justderp5713
    @justderp5713 4 роки тому +483

    Ezekiel before: How to play HOI4, Vic 2
    Ezekiel Now: How to take down a monopoly
    Ezekiel Later: How to make a ham and cheese sandwich

    • @understorymainchannel8326
      @understorymainchannel8326 3 роки тому +8

      He's actually talking about books

    • @gfg1651
      @gfg1651 2 роки тому +20

      @@understorymainchannel8326 thats just a stepingstone to the perfect sandwich

    • @bahman7121
      @bahman7121 2 роки тому +3

      your damn right

    • @Jakob_Herzog
      @Jakob_Herzog 2 роки тому +3

      I would watch that, i want my fucking sandwich bruh.

  • @Maxi25554
    @Maxi25554 4 роки тому +106

    Marcus Samuel Jr. sounds like some kinda supervillain

    • @AbradolfRizzler
      @AbradolfRizzler 4 роки тому +13

      The video already said he was Jewish

    • @jelkrette1955
      @jelkrette1955 4 роки тому +1

      And he's Jewish to the Nazis would have loved him.

  • @nestyie3835
    @nestyie3835 4 роки тому +68

    Instructions clear, became the monopoly instead.

  • @Narrowexe
    @Narrowexe 4 роки тому +396

    great tutorial

    • @CallMeEzekiel
      @CallMeEzekiel  4 роки тому +140

      Only the finest for my audience. I expect every one of you to have to defeat an international monopoly at least once in your life.

    • @friedrickhugo7562
      @friedrickhugo7562 4 роки тому +27

      Well, you can expectme to do that in Victoria 2 thanks to your videos

    • @karotgamin790
      @karotgamin790 3 роки тому +13

      dang this tutorial was better than any ive ever seen bro
      guess its time to do what ive been taught to do

    • @C9nr9d999
      @C9nr9d999 6 місяців тому

      @@CallMeEzekiel Yes sir

    • @harshitchandra_07
      @harshitchandra_07 13 днів тому

      @@CallMeEzekieldibs on J. P. Morgan and Chase and finally give Americans a central bank. I am Indian and i have full confidence on my bluffing and scamming skills.

  • @vilified15
    @vilified15 4 роки тому +50

    I just finished my business degree and this sums up 4 years of education in 15 minutes

  • @goneinaclick4046
    @goneinaclick4046 4 роки тому +201

    And he became an educational channel.
    Wasn’t he already an educational channel though?

    • @thicksunroof4687
      @thicksunroof4687 4 роки тому +5

      I would love to have some entertaining education about competition/economy

  • @MahDryBread
    @MahDryBread 4 роки тому +113

    Man, we've gotta get in a call some time, you seem like my kind of guy. I love the way you present this stuff! No matter what I click on, I feel like I've learned something and enjoyed it

    • @CallMeEzekiel
      @CallMeEzekiel  4 роки тому +17

      I just sent you an email. I'm looking forward to meeting you soon!

    • @amisner2k
      @amisner2k 3 роки тому

      @@CallMeEzekiel So how did the call go?

    • @problems3485
      @problems3485 2 роки тому

      @@idiosyncraticname ooh they ain’t telling I think it did

  • @djemseyfi7416
    @djemseyfi7416 4 роки тому +45

    I am so impressed, went from making video game videos to making actually educational videos, keep up the good work, the subscribe was worth it.

  • @utternon-cents9136
    @utternon-cents9136 3 роки тому +162

    >how to beat the wealthy at their own game:
    Step one- be wealthy

    • @dvf1736
      @dvf1736 3 роки тому +23

      Optional step: Be tied to royalty, aristocracy, or the government.

    • @pol8808
      @pol8808 3 роки тому +7

      It’s either to fight someone who has a gun with a gun

    • @thefrenchareharlequins2743
      @thefrenchareharlequins2743 2 роки тому +4

      Optional step: Be Herbert Dow

    • @vedsingh2108
      @vedsingh2108 2 роки тому

      @@dvf1736 or lead a violent communist revolution and kill em all :(

    • @davidlewis6728
      @davidlewis6728 2 роки тому +4

      step one: own a business to compete with the wealthy.
      step two:

  • @prestonsimms632
    @prestonsimms632 Рік тому +3

    Random but my great grandpa was a shell engineer in Asia and my grandma lived in Dutch Sumatra in ww2

  • @Maxi25554
    @Maxi25554 4 роки тому +44

    Me: sees an Ezekiel video on my Recommended
    Also me: CLICK

  • @Kjajo
    @Kjajo 4 роки тому +23

    Thanks for another Vic 2 tutorial! Although something seems off...

  • @adam422
    @adam422 4 роки тому +33

    Great video!
    I hope one day, when Victoria 3 is out we will see a possibility to make huge capitalist companies in many spheres with the abitity to capture the entire global market.

    • @johanrosenberg6342
      @johanrosenberg6342 3 роки тому +3

      Companies is one of my biggest dreams for Vic 3 atm. Although I think it would be even cooler (and in line with the modern zeitgeist) if we got an even broader avatarization where all sorts of pops are made visible in one way or another.
      So prominent capitalists would have companies, which in turn might control countries.
      But you'd also see things like the Congo being a personal possession of Leopold II.
      And with revolutions you might see a prominent worker get promoted to a prominent general before taking power.
      Obviously I don't want it to be CK1800, nor Imperator: Britain. I want it to be Vic, but with a few faces to give the pop-system greater flavour.

    • @Daniel-vd8rg
      @Daniel-vd8rg 3 роки тому +2

      Well....

    • @adam422
      @adam422 3 роки тому +2

      @@Daniel-vd8rg yep...

    • @adam422
      @adam422 3 роки тому +2

      @@Daniel-vd8rg what can I say? Paradox being paradox

  • @Mr.McMuffin
    @Mr.McMuffin 4 роки тому +17

    How this channel doesn't have more subscribers is forever a mystery to me

  • @user-ft3jq5vi2l
    @user-ft3jq5vi2l 3 роки тому +15

    Wait...so you're telling me, an oil company was the first to use the basic strategy the american military would come to use in both world wars?

    • @theflyingeyeball
      @theflyingeyeball 2 роки тому

      That’s the American way! Our brains are powered by O I L

  • @kraftyevan
    @kraftyevan 4 роки тому +9

    An amazing video! Keep it up! I hope that you gain so many subs :)
    Too many people don't know enough about markets and economics and think the government is the solution to everything, it's so good to get some diversity in the knowledge base!

  • @thicksunroof4687
    @thicksunroof4687 4 роки тому +14

    I love you in an intellectual way

  • @marcusw.725
    @marcusw.725 4 роки тому +3

    Fell in love with your channel! Amazing video, pls keep it up!

  • @mr.h1912
    @mr.h1912 3 роки тому +2

    man keep up the great work with paradox games u gonna get tons of subs in no time

  • @Jarosale246
    @Jarosale246 4 роки тому +5

    Seriously, great job, can't wait for more videos like this, keep it up!

  • @110gotrek
    @110gotrek 2 роки тому +3

    More economic history please!! Love this stuff.

  • @garethbgoogle9396
    @garethbgoogle9396 Рік тому +2

    Ok but in the end teddy Roosevelt caused the end of standard oil not innovation and the free market

  • @dragoon6794
    @dragoon6794 Рік тому +2

    Thank you, you just helped me very much on my Econ homework

  • @2manyeggshells
    @2manyeggshells 4 роки тому +3

    this is awesome

  • @matthewschad6649
    @matthewschad6649 4 роки тому +8

    Oooo, didnt expect a video like this. It's nice.

  • @zacharyjohnson7419
    @zacharyjohnson7419 3 роки тому +2

    I love the detail at the start with the American ball family photo that the British ball is crossed out

  • @Firebringer121
    @Firebringer121 3 роки тому +16

    Oh boy, I'm sure my poor unionless ass can overthrow this union to in the free market. Thank you our rich saviors

  • @isaacshultz8128
    @isaacshultz8128 4 роки тому +4

    Very good

  • @Gigadramon6
    @Gigadramon6 2 роки тому +2

    To add another layer onto the "murex" name. The murex genus of sea snails the genus that are used to produce the pigments used to make Tyrian Purple dye, which in antiquity was worth it's weight in gold... and is worth more than fifty times its weight in gold by today's prices.

  • @robertortiz-wilson1588
    @robertortiz-wilson1588 2 роки тому +1

    I love the music!

  • @zbynektrajer2735
    @zbynektrajer2735 2 роки тому +1

    8:20 that joke got me, you dirty old ... :)

  • @SW33wNecie
    @SW33wNecie 4 роки тому +8

    Oh shit, a new CallMeEzekiel video and it's something similar to another channel I like - Oversimplified?! By God, Christmas came early!

  • @olbradley
    @olbradley 2 роки тому +2

    Benny Goodman, Glen Miller and Maurice Ravel, excellent music choice.

  • @BioHunter1990
    @BioHunter1990 8 днів тому

    If you’re further curious on the history of the oil industry; read Daniel Yurgens’ “Prize: The Epic Quest for Oil, Money, and Power”

  • @serathus3201
    @serathus3201 4 роки тому +13

    78 Stewardship? Into how much Money does that translate with my restored Roman Empire merchant republic? monkaS

    • @Maxi25554
      @Maxi25554 4 роки тому +2

      Like 10 grams of gold

  • @lordedmundblackadder9321
    @lordedmundblackadder9321 3 роки тому +2

    9:09 this seems familiar... **south sea bubble flashbacks**

  • @Maxi25554
    @Maxi25554 4 роки тому +17

    It's not like gasoline has any practical uses
    *America has entered the chat*

  • @longschlongsilver7628
    @longschlongsilver7628 3 роки тому +3

    This is basically monopoly vs monopoly

  • @redacted5052
    @redacted5052 4 роки тому +4

    Nice CK2 reference :)

  • @samjudge1240
    @samjudge1240 2 роки тому +2

    The thought of Queen Victoria dislike the woman's suffrage is very interesting, to my personal perspective, I agree with her, simply out of the insane means the suffragettes activity did.

    • @johncarter7670
      @johncarter7670 2 роки тому

      Man you are so cool.

    • @chinggiskhan6678
      @chinggiskhan6678 2 роки тому +1

      The suffragettes got what they wanted.
      Suffragettes > Bri'ish Tories

    • @samjudge1240
      @samjudge1240 2 роки тому

      @@chinggiskhan6678 In some view, as the head leader of the Suffragette, was suprizingly welled off, had a father who is a lawyer and mother who owns a hospital.
      What appeals about the suffragettes the most is the middle class and only some working class appeal, as it obsession to democracy and equality, believe it's freedom in a odd view. To my perspective, absolute democracy and equality, is simply mob rule and collectivism, outway the individual.
      So do I support the suffragettes? Depends, while I support a woman the right to free will and self-atomany for one own happiness in reality and reason, the right to vote the other hand, could lead to at best telling the government to back off from individual freedom, at worst tyranny for power and control, for my view, it's to the ladder on democracy, when the constitution is compromise.

  • @nick4506
    @nick4506 3 роки тому +6

    well, it's not like duopolies or triopilies make conditions any better. 3 companies own the formula for the EpiPen in America but that doesn't stop them from being 400 bucks a pop.

  • @MechWarrior894
    @MechWarrior894 4 роки тому +4

    Geology saved the day!

  • @seeker383
    @seeker383 2 роки тому

    When Standard Oil Broke Up we get smaller Companies but those arent to Standard Height Yet like the Standard of California become Chevron and ExxonMobil was a combined company but as we know they were under one banner the Standard Banner

  • @KA-tu2em
    @KA-tu2em 2 роки тому +1

    I subscribed because you had good content. I got through 2 videos and at about two minutes into the video I realized you make content easy to listen to while cleaning.
    Keep it up. When I have money I’ll donate to a patreon but I’m broke rn D:

  • @uwucowwoptionbwingew
    @uwucowwoptionbwingew 4 роки тому +2

    Mr sandman in the beginning good choice

  • @giromohlaalu5703
    @giromohlaalu5703 2 роки тому +1

    0:14 when Canada is doing something sexy with Greenland

  • @laytonrobinson-gr5qp
    @laytonrobinson-gr5qp Рік тому

    Teddy roosevelt did slam dunk standard after all

  • @karaliusking6833
    @karaliusking6833 3 роки тому +3

    5:17 thanks for just the Lithuanian name of Lithuania :) ačiū

  • @jamesburdian56
    @jamesburdian56 3 роки тому +2

    M Samuel and company is now shell. Monopoly killed by future monopoly

  • @Eggzrgoood
    @Eggzrgoood Рік тому +2

    Thanks, I’m gonna go defund Amazon now.

  • @um.pa.s.s.a.3043
    @um.pa.s.s.a.3043 2 роки тому +3

    gradually, standard oil had a 90% market share, and by 1906 through competition from other firms, it's share went down to 70%, then in 1911, right before the breakup it went down to 64%, after the government breakup it went down to 11%, prior to the breakup it was already going down. Markets are self correcting, when a "monopoly" rises, there are no prices in a market and thus no way of knowing where and how to allocate resources, so your basically just hoarding so much oil and don't know what to do with it. it's basically like those little blocks we used to play with as a kid, the higher you stack them, and eventually they fall down.

  • @MrKaiyooo
    @MrKaiyooo 3 роки тому +1

    Imagine trying to have a cutting war against the richest factory of the world

  • @notjosh6886
    @notjosh6886 2 роки тому +1

    When you said dutch sumatra i instantly think standard oil is better

  • @mischakonovalov9888
    @mischakonovalov9888 3 роки тому +2

    thats great for asia, but didn't standard oil keep it's monopoly over the US?

  • @captainmag2061
    @captainmag2061 4 роки тому +4

    Came for Vicky tutorials stayed for education

  • @PinePizza
    @PinePizza 4 роки тому +6

    I'm from Germany and i hate work

    • @atlas5653
      @atlas5653 3 роки тому +1

      From Germany or German?

    • @PinePizza
      @PinePizza 3 роки тому

      @@atlas5653 both and I hate work

    • @atlas5653
      @atlas5653 3 роки тому

      @@PinePizza Fair enough. My father is German and he is a hard worker. I am not, and I am a bit lazy sometimes.

    • @PinePizza
      @PinePizza 3 роки тому

      @@atlas5653 same here, my dad is like an alien in comparison to the average worker here, he builds a second house rn, is there before work, does a full shift and goes back there, it's insane.. I'm taking the academical route and trying to break out of the working cycle.. Easier said than done though!

  • @quintu5
    @quintu5 4 роки тому +2

    Well that was random but thanks for the education on the matter dude

  • @I_Like_Mipha
    @I_Like_Mipha 4 роки тому +3

    Aw yiss a video

  • @thepedrothethethe6151
    @thepedrothethethe6151 4 роки тому +2

    Haven’t heard of that game.

  • @4urawrkr2
    @4urawrkr2 2 роки тому +1

    Cool story and all, but Victoria hated Women's Sufferage? Isn't that like Uncle Ruckus from the Boondocks???

    • @DIEGhostfish
      @DIEGhostfish Рік тому +2

      Nah, lotta women didn't like it.

  • @phe123
    @phe123 4 роки тому +3

    11 out of 10

  • @Classical.Conservative
    @Classical.Conservative 3 роки тому +3

    Looking at you big tech

  • @Reflox1
    @Reflox1 3 роки тому +1

    Oh my god.
    I always wondered who the fuck the Wrothchilds were. I finally get that's how Americans/Anglos pronounce Rothschild.

  • @walli6388
    @walli6388 Рік тому

    Well, the free market didn't break Standards US monopoly.

  • @danielhuneke5862
    @danielhuneke5862 27 днів тому

    Who else cheered when markas samuel jr. Made it into the aristocracy.

  • @patrickwang671
    @patrickwang671 3 роки тому +3

    pierogi > light

  • @decantabriaball938
    @decantabriaball938 2 роки тому +1

    How to takedown a monopoly Facebook/google when.

  • @ctrlaltdebug
    @ctrlaltdebug 4 роки тому +8

    Kerosene also saved the whales!

  • @gingerale2131
    @gingerale2131 2 роки тому

    wait... wheres leviticus cornwall?

  • @IREALYLOVEAmerica
    @IREALYLOVEAmerica 4 роки тому

    How to MOTE when?

  • @zudwa878
    @zudwa878 4 роки тому +3

    So, you need at least a regional monopoly to beat up another monopoly, huh...

  • @rodrigocortez4382
    @rodrigocortez4382 2 роки тому

    Let’s go take down big oil guys😈😈

  • @WillamDentonlll
    @WillamDentonlll Рік тому

    Isn't standard is Amoco

  • @thefakebarrybonz4492
    @thefakebarrybonz4492 3 роки тому

    how to complicated?

  • @FrogEnjoyer17
    @FrogEnjoyer17 2 роки тому +1

    It’s not Roths child, it Roth schild, Red shield

    • @kurade1096
      @kurade1096 2 роки тому +1

      nerd

    • @FrogEnjoyer17
      @FrogEnjoyer17 2 роки тому +1

      kurade10 I’m German and it’s a German name

    • @kurade1096
      @kurade1096 2 роки тому

      @@FrogEnjoyer17 it ain't german it's british. now shut up and go back to the wermacht

  • @jdsonical
    @jdsonical 4 роки тому +2

    Too bad eastern poland isn’t oil rich

  • @tymoteuszzaprzaek6022
    @tymoteuszzaprzaek6022 4 роки тому +9

    Wtf this isnt vic2

    • @dragoon6794
      @dragoon6794 Рік тому

      Oh you’re wrong it’s something better😃

  • @rotschadel3574
    @rotschadel3574 3 роки тому +4

    But if someone has a competition it is not a monopoly.....

  • @kleineitalien4246
    @kleineitalien4246 3 роки тому +9

    Standard Oil wasn't a monopoly.
    The company had more competitors along it's life time, the price of the oil only went down along it's life, too, what characterizes a monopoly is the lack of competitors due to market barriers, and there was NO barriers to enter in this market, Rockefeller wasn't a government which imposed rules on you to not explore this market. The accusations of predatory prices were ridiculous, too, he was merely efficient, and his competitors (some previously trying to create cartel) couldn't do the same, selling their companies to him, and getting mad after Rockefeller suggest a low price to buy it considering the loss of the company he would absorve in Standard's body. Some were even J.P. Morgan's money influence, that guy hated Rockefeller, tried several times to beat him down, and hired some dogs (including the president Theodore Roosevelt, who confessed the motivation of Standard's stalking were personal) to defeat Rockefeller's company in the political way.
    Another thing to consider is that the main base to beat Standard Oil down in the court trials, were accusations of violation of stupid laws which do not allowed bargain with railroad companies at that time (main way of oil transport for all companies in this market), so they accused Rockefeller of merely.., try to ask a lower price to transport his desired oil by the citizens, in the trains.
    Standars Oil was put down as result of corruption and rage of rich men and bankrupt entrepreneurs, not by "combat of monopolies". If you want a true example of monopoly and it's consequences, search for Petrobras, a state-owned company of oil exploration and refine, which prohibit competition through regulations and have high prices due lack of oil and inefficiency, payed with taxes, in south america.
    --- . --- . ---
    Sources for more Standard Oil's resolution:
    www-personal.umich.edu/~twod/oil/NEW_SCHOOL_COURSE2005/articles/research-oil/john_mcgee_predatory_pricing_standard_oil1958.pdf
    mises.org/library/progressive-era-0/html/c/623
    www.amazon.com/Railroads-Regulation-1877-1916-Gabriel-Kolko/dp/0393005313/ref=sr_1_1?keywords=railroads+and+regulation&qid=1578777380&sr=8-1 (for an overview of the railroad industry that time)
    cdn.mises.org/History%20of%20Money%20and%20Banking%20in%20the%20United%20States%20The%20Colonial%20Era%20to%20World%20War%20II_2.pdf (for banks vs Standard)
    www.amazon.com/House-Morgan-American-Banking-Dynasty/dp/0802144659/ref=nav_custrec_signin?keywords=ron+chernow&qid=1578774568&sr=8-5& (the Morgans)
    Sorry case my English made it harder to understand, I am not fluent yet.

  • @eduardoktg8683
    @eduardoktg8683 3 роки тому +5

    Alternative:
    AK-47's
    Bread
    And a little red book

  • @fecomate2542
    @fecomate2542 3 роки тому +2

    So to be the rich guys, be a rich guy? Seems easy enough.

  • @Crackparty803
    @Crackparty803 3 роки тому +1

    Much easier just to seize the means of production, comrade.

  • @linstantintello
    @linstantintello 2 роки тому +1

    Luv’ Britain
    Luv’ imperialism
    Luv’ the monarchy
    ‘ate women’s rights
    ‘ate antisemitism
    Simple as.

  • @olafronzon3909
    @olafronzon3909 4 роки тому +1

    Oh Boi, thats not free market

  • @LaryTheLibtard
    @LaryTheLibtard 3 роки тому

    I clicked and it turned on auto play now im on cgp greys channle

  • @AquaStockYT
    @AquaStockYT 3 роки тому +1

    If I didn't know any better I thought I heard a tone of tacit condoning of Marketeering as a solution to force in this one....hmmm....

  • @UCUCUC27
    @UCUCUC27 3 роки тому +3

    hold on it wasnt free market that killed the big monopolies...it was legislation...

    • @a-drewg1716
      @a-drewg1716 2 роки тому +1

      uhuh and that's why the supermajors/Big Oil are
      BP (originally a state owned company but shortly after its privatization merged with Amoco, originally the Standard Oil Company of Indiana)
      Royal Dutch Shell (merger of Shell and the Royal Dutch Oil Company)
      Chevron (use to be Standard Oil Company of California)
      ExxonMobil (merge of Exxon, used to be Standard Oil Company of New Jersey, and Mobile, use to be Standard Oil Company of New York)
      ConocoPhillips (use to be a part of Standard Oil but became independent after its dissolution)
      TotalEnergies (only real outlier and are a French company formed after WWI)
      These 6 make the vast majority of the revenue from oil and own the majority of the petroleum reservoirs, and all of these are formed from or from parts of the original 3 monopolies in this video (except TotalEnergies). You can also notice a trend as these companies continue to merge further and further Basically reforming a lot of what was Standard Oil The only 2 exceptions not listed are 2 Chinese state owned companies who do make more then any of these companies but are again state owned entities and are as a result an extension of the government.

    • @davidlewis6728
      @davidlewis6728 2 роки тому +2

      opposite, the free market is the only thing that can kill a monopoly, and legislation is the only thing that can create a monopoly, it doesn't matter the size.

  • @redcrown5070
    @redcrown5070 3 роки тому +3

    Yeah but how we deal with climate? The free market is not packing punches there.