Since shortly after 1859, oil has been subject to attempts to control its price, or should I say the price of its refined product, be that kerosene for lighting or, later, gasoline for autos. The first one to try was John D Rockefeller with his development of the Standard Oil Trust in the 1860s and… Continue reading The Global Implications of Oil Price Renormalization (Part 2)
Tag: driving
Some Rough Travel Comparisons
Something that seems to be left out of most accounts of travelling overland across the continent is how long it took, especially for those going west from the Mississippi River valley, and what the introduction of the railroad and then the automobile meant to the traveller. For the wagon going to Oregon, or the Mormon… Continue reading Some Rough Travel Comparisons
Old Professor by the Sea 