by John Ballantine
“The shah of Iran is our friend. He sells oil at a price that we can pay so we can refine the products that grease your chassis, put gas in your tank, and provide chemical feedstocks that make our lives more comfortable. Here at Ashland Oil we do business with those that honor commitments and promote competition. John D. Rockefeller’s offspring—Texaco, Mobil, Exxon, Chevron, and Standard Oil of Ohio—want to play by the rules of their capitalist game, not the market. The major oil companies want to starve us of our life blood. They sell to each other and not us independent oil companies.”
My first press release in 1974. The perils of capitalism. Continue reading
