Flagler formed arrangements with railroads to extracting. The historical narrative begins in the 1850s and continues through 1990. They formed Standard Oil Company in 1870 as a joint stock company intent on consolidating all refiners into one giant combination. The Prize: The Epic Quest for Oil, Money & Power by Daniel Yergin is an examination of the global petroleum industry. Yergin received the Pulitzer Prize for the number one bestseller The Prize: The Epic Quest for Oil, Money & Power, which was also made into an eight-hour PBS/. In 1867, he teamed with Henry Flagler, who hated "unbridled competition" and believed that cooperation among producers was key to minimizing risk. With a head for figures and clear vision, Rockefeller mastered every aspect of the new industry. Rockefeller improved the quality of his products and took the first steps towards integrating supply and distribution, to insulate his business from market volatility and to improve its competitive position. After Drake's breakthrough, they had concentrated on oil refinery. Rockefeller surprised Maurice Clark by accepting his offer to dissolve the partnership, and bought him out for $72,000. Early in 1865 two partners in a bustling Cleveland refinery were engaged in one of their frequent disputes.
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