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Unformatted text preview: He also set up bulk oil storage at ports in the Far East and contracted with Bnito, a Russian group of producers controlled by the Rothschilds, for the long-term supply of kerosene. His strategy was high-risk: if news of their operations got out they would be squeezed out by Rockefeller’s dominant Standard Oil. In 1907, Shell merged with the Royal Dutch Petroleum Company, which had significant oil holdings in Asia, to form the Royal Dutch/Shell Group of Companies, one of the world’s largest multinational oil corporations. Samuel was knighted in 1898 and became Viscount Bearsted in 1925. http://www.eoearth.org/article/Samuel,_Marcus...
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This note was uploaded on 04/07/2008 for the course PETE 2001 taught by Professor Thurber during the Spring '07 term at LSU.
- Spring '07