Is it true that all gas is own by Standard Oil?

I know that the company Standard Oil was broken up into many companies a while ago, but is Standard oil the owner of gasoline and they just distribute it to the other companies such as chevron and Exxon, or do these companies own their own part of gas? Does gas just come from one source and then its refined by the individual companies? How does the gasoline process work? Any information to enlighten me would be greatly appreciated!

Nope, even when Standard Oil was the reputed monopoly, it didn't own all of it--but it did own so much that it was seen as a threat to free enterprise.

Here is a link to a summary of the decision which permitted the company to be broken up because of the "conspiracy": http://www.ripon.edu/Faculty/bowenj/antitrust/stdoilnj.htm.

You may quickly notice that there were a pile of companies, the problem was the common control and ownership. In one way, Standard Oil was the Enron of its day, except it has substance. It didn't try to look profitable--it was profitable. Microsoft, sitting atop mountains of cash and influence, is a closer comparison.

I like the part about how in 1872 there were 34 oil refineries in Cleveland, Ohio and the Rockefellers didn't own three or four. It makes me wonder how many refineries there are in the whole country today.

You've heard it said that we went to war in Iraq over oil, but the United States produces 8 times as much as Iraq ever did. We get oil from Africa, South and Central America, Canada, Europe (mostly the North Sea between Norway and England), and various parts of Asia (including Indonesia). There have to be transportation means (pipelines, tank trucks, and ships), and most of them have to be huge, or long. Then comes the refineries. Oil makes a lot of stuff besides gasoline, but they try to rearrange the molecules to get more of the chemicals they want. You may hear about "crackers" when reading on refineries, the oil has these long molecular chains, and they would try to crack them open in ways to get preferred chemicals like octane for gasoline. Too much and you get lighter stuff like kerosene, which we don't use as much of today (Stanley Steamers used kerosene), and it is hard to put it back together. Think of it like cooking the merangue for a pie, you have to be careful or its suddenly garbage. Then you need to find someone to buy it and transport it--back to different trucks and pipelines. Then there are tank farms, big fields with big tanks for holding the various fuels or whatever (like what the chemical companies use to make plastics or fabric yarn for clothes or carpets). Then it is sent to distribution centers commonly called bulk stations (I had an uncle who owned one). These then delivered the fuel and oil to gas stations and special buyers like factories and farms. Then you drive up to the pump and pay for all of this, plus the better part of a dollar for state and federal taxes. (Interesting project for you, look at ExxonMobil's financial statements because while they made enormous profits they were even more profitable to government, which got more than the stockholders did.)

you're about 90 years out of date. Standard Oil was broken up in the 1910s.

First of all, Exxon Mobil and Chevron came about as the result of the breakup of Standard Oil. For instance, Chevron was formerly known as Standard Oil of California. Are you referring to natural gas? All the natural resources in the US are owned by the American people, as represented by the Federal government. Companies are supposed to pay for drilling and exploration rights but sometimes they underpay (as court cases in Alabama and Texas demonstrate) If you are referring to gasoline then yes, the offshoots of Standard Oil own a majority of the gasoline. Amoco and ARCO were both acquired by BP. Chevron acquired Texaco. Exxon acquired Mobil (but both of these were offshoots of the old Standard Oil).

No....but almost all gas travels thru the same pipe line.

BP (british patroleum) bought up standard oil. BP owns all the gas.

The successors to Standard Oil neither own nor control all the crude oil production and refining.

Oil comes from a myriad of sources and travels via pipeline or tanker to refineries, where it is broken down into refined products. These refined products travel by pipeline and tanker truck to the various points of distribution.

No single company controls the crude oil, the pipelines, the oil tankers, the refineries, the pipelines and tank trucks for refined products or the service stations.

No. Learn how the commodities market works and youā€™ll under stand why gas is so expensive. The commodities market is based on speculation. Everyone is speculating that oil will be expensive, therefore it is expensive. When everything starts to think itā€™ll be cheap again, itā€™ll start to get cheap again. Start thinking cheap.

Oil "belongs" to no one. but the rights to drill, pump, refine and distribute oil and gas for sale - are determined by the governing authorities of each nation.

so there are lots of oil companies, both private and state-owned/controlled. And no single one of them controls all of the oil.

They don't own my gas, yet.

I work on a drilling rig in Alberta, Canada. We drill for oil and gas all over Western Canada. There over 50 oil and gas companies in Canada alone. I would asume the same applies in the U.S. but I am not sure.

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