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Is John D. Rockefeller the founder of modern oil industry?

Is John D. Rockefeller the founder of modern oil industry?

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Asked by H.Donna, Last updated: Dec 05, 2024

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j.Barbara

j.Barbara

j.Barbara
J.Barbara

Answered Feb 27, 2018

John D. Rockefeller is considered to be the founder of the modern oil industry. He was born in 1839 and died in 1937. He is known for starting the first oil company known as the Standard Oil Company. At that time, he was the riches person in America. Rockefeller began working when he was merely a teenager. At twenty years old, he bought out a business.

His way of getting oil was not done by drilling, but by refining. The crude oil he acquired was shaped into a product that could be used to make the fuel that is used in cars. After Rockefeller, there is no other person who created a business as big as the Standard Oil Company like Rockefeller did in the earlier time of this country.

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