19 Burst results for "Standard Oil Company"

"standard oil company" Discussed on KTRH

KTRH

05:42 min | Last month

"standard oil company" Discussed on KTRH

"We have the oil and gas Investor guide for you were also projecting tax breaks until two o'clock, and this is very exciting news for anybody. Maybe you you're expecting a big tax bill for 2020. Great news this afternoon as we you know, almost or in December, there's still time to get a huge tax break from an oil and gas investment. Some people drop in tax brackets and don't think you're paying that big tax bill quite yet. For 2020 Give us five minutes. We've got some great news for you. 833645 45 100 the number 8336454500 right now. Here, it's smart oil and gas. This week in our oil and gas history segment. We're talking about the life of Al Meadow's big time Texas oilman who obviously accomplished a lot in oil and gas. He was a billionaire, but he also beyond the wealth gave back to his country and to his home state of Texas. In some very significant ways. So mark if you would tell us all about the life of Al Meadows, Al Meadows grew up in Bedelia, Georgia, and then he went to the five day Leah Collegiate Institute. And he studied business. Then he had a bunch of jobs, and he and a buddy kind of hitch hike and caught trains and travel all around the south. And next thing you know, he lands in Shreveport, Louisiana, and gets a job as an accountant and standard oil company in Louisiana, says Mr Rockefeller's company, John D. Rockefeller's company. And he worked for a while. And then he left there and he started his own business, and he started a insurance and loan finance business in Shreveport. He came up with an idea that when somebody wanted to Hi and wool field. He came up with the idea. Determining having engineers determine how much oil will come out of that old Phil over time and using the future payments. From the oil to pay for buying the field now, okay, And it's Zaveri common way of financing oil fields now, But then it was very unique and he did a couple times. He did good at it, so he started buying into all Welles himself and using the future production payments. From the wells to pay for his interest. And eventually what happened is he started the General American oil company, and he had to headquarters this report and he made so much money. With all these individual Wilson, this is back when the price of oil was 50 cents to a dollar 50 of barrels in the 19 forties, thirties and forties. I mean it was oil was cheap. But still they would go out in a finance this buying all fields and drilling in wells and he started doing his individual investor, and eventually he started doing it as the company. General American old company, and he made so much money doing this both the finance and the producing The Wells the kind of got out of the insurance business and went full time into all in gas. And then, like most people like the hunts here from El Dorado, Arkansas, when you get rich in the old business And you're from the South. Where do you want to go to? You moved to Dallas, so I'll move to Dallas and eventually hey, started traveling over the world and when he was in Madrid He went to the product, a museum and you saw the works of El Greco and Goya. And he decided he started buying that art from individuals and eventually started his own art collection. And he donated it to Southern Methodist University. And they named Be the art school after him. The meadows School of Art at S M u. I heard at one point he by accident. Bots in counterfeit paintings, and once he found out, he went back and got the originals. Yeah, that's why there's a statement that story. I mean, he got ripped off by somebody for, like, a lot of money, so okay, it's all right. I'll go get the originals now. Yeah, well, what happens if he thought he was buying the originals and was gonna donate them to the medals art collection and having overestimate you and then you know some experts that thieves were fake. Like we'll go find the originals, and I'll buy it again. So you father he bought, you know he would buy some famous painting twice a copy that they thought were the originals. And then when it will found out that something else was original go by the original he started Boss with his first. Well yeah, at some 0.1 well, and he started it as an individual you started it was that he was in another business, he but But he started with his first well at some point and then grew from there. And what was his peak 232,500. I think he had about 22 or 2600. Wells, and he owned interested. It's amazing number wells that you know, in Louisiana and East Texas and all across Texas. He owned interested. Well, thank you, mark of a great history lesson and another example Al Meadows of an individual that like Jerry Jones, like Dr Armand Hammer was in a different industry before they got into oil and gas and made billions good stuff. Good afternoon. Smart oil and gas on the year for a few more minutes here A two o'clock is when we leave the airwaves, but still a few minutes to call in a 33645 45 100 years. Our number. Give us a call Right now. We'll send you the oil and gas investor guide our free resource. And also until two o'clock, we're projecting tax breaks. How much less you'll pay for this year's taxes for 2020 taxes when you get into an oil and gas program between now and the end of the year and yes, there still is time to get a big tax break against 2020 income in taxes. 833645 45 100 the number right now.

Texas Louisiana standard oil company Al Meadows Shreveport Dallas John D. Rockefeller meadows School of Art Al Meadow El Dorado Wells Southern Methodist University El Greco Zaveri Welles Phil Arkansas
"standard oil company" Discussed on 106.1 FM WTKK

106.1 FM WTKK

03:42 min | 4 months ago

"standard oil company" Discussed on 106.1 FM WTKK

"And rock on retirement. All delivered in 30 minutes or less heat exclusively in financial pizza dot com. Financial pizza dot com. How's the market doing? It's fine. How's the market doing now? The same as it was five seconds ago. Stop worrying about market volatility. A good retirement plan will keep you from panicking. Win it if there's ever a panic, even during a correction or a mild recession, get that solid retirement plan with lifetime income and protection from pit balls got in touch with coach Pete in the team. 206 61 73 83 806 61 73 83 or text coach to 21,000 That's coach to 21,000 celebrity money mistakes. The name Rockefeller is synonymous with the oil business and big money. John Dee was the country's first billionaire and was considered the wealthiest American of all time and the richest person in modern history. It didn't start that way. He was born into a large family and upstate New York, and he was shaped by his con man, father and religious mother. His family moved several times before eventually settling in Cleveland, Ohio, and Rockefeller became assistant bookkeeper at the age of 16 and then went into business partnership with Maurice Be cooking company at his brother's. At the age of 20. Rockefeller formerly founded the Standard oil company in 18 70. He ran it until 18 97 as kerosene and gasoline grew in importance. Rockefeller's well sword as he became the richest person in the country controlling 90% of the oil in the United States. At its peak, the U. S Supreme Court ruled in 1911 that standard oil must be dismantled for violation of federal antitrust laws. It was broken up into 34 separate entities that included companies that would become Exxon Mobil. Chevron and others. Individual pieces of the company were worth more than the whole, and as chairs of these doubled and tripled in value of their early years, Rockefeller became the country's first billionaire with a fortune worth nearly 2%. Of the national economy. His peak net worth in inflation adjusted dollars was estimated at $336 billion in 1913. America's first billionaire, was one of the reasons for the creation of the estate tax, which now took 70% upon his death. His air still had a few bucks left, considering his estate was worth 24 billion inflation adjusted dollars in the depths of the Great Depression. Rockefeller was also quite the philanthropist as he was giving away millions of dollars over the course of his life. This generosity began with his first job when he was 16 when his diary shows that he donated 6% of his salary, then to his church. Giving continued his entire life. He would give primarily through educational and public health causes, but also for basic science and the arts. He had health problems beginning in the fifties. Rockefeller ultimately died of arterial sclerosis on May 23rd 1937 less than two months shy of his 98 birthday. Forbes magazine reports that the Rockefellers are still worth on Estimated $11 billion today. Another reason why it's vitally important to meet with a true financial coach who listens to your goals for retirement and legacy planning and can implement a total retirement income.

Rockefeller Standard oil company Exxon Mobil Forbes magazine John Dee Chevron New York U. S Supreme Court Pete Cleveland Ohio United States America Maurice
"standard oil company" Discussed on 106.1 FM WTKK

106.1 FM WTKK

06:52 min | 4 months ago

"standard oil company" Discussed on 106.1 FM WTKK

"It's fine market doing now, the same as it was five seconds ago. Stop worrying about market volatility. A good retirement plan will keep you from panicking win. And if there's ever a panic, even during a correction or a mild recession, get that solid retirement plan with light time income and protection from pit balls get in touch with coach Pete and the team. 206 61 73 83 806 61 73 83 or text coach to 21,000 That's coach to 21,000 celebrity money mistakes. Name, Rockefeller is synonymous with the oil business and big money. John Dee was the country's first billionaire and was considered the wealthiest American of all time and the richest person in modern history. It didn't start that way. He was born into a large family and upstate New York, and he was shaped by his con man, father and religious mother. His family moved several times before eventually settling in Cleveland, Ohio, and Rockefeller became assistant bookkeeper at the age of 16 and then went into business partnership with Maurice Be cooking company at his brother's. At the age of 20. Rockefeller formerly founded the Standard oil company in 18 70. He ran it until 18 97 as kerosene and gasoline grew in importance. Rockefeller's well sword as he became the richest person in the country controlling 90% of the oil in the United States. At its peak, the U. S Supreme Court ruled in 1911 that standard oil must be dismantled for violation of federal antitrust laws. It was broken up into 34 separate entities. That included companies that would become Exxon Mobil, Chevron and others. Individual pieces of the company were worth more than the home and as chairs of these doubled and tripled in value of their early years, Rockefeller became the country's first billionaire with a fortune worth nearly 2%. Of the national economy. His peak net worth in inflation adjusted dollars was estimated at $336 billion in 1913. America's first billionaire, was one of the reasons for the creation of the estate tax, which now took 70% upon his death. His air still had a few bucks left, considering his estate was worth 24 billion inflation adjusted dollars in the depths of the Great Depression. Rockefeller was also quite the philanthropist as he was giving away millions of dollars over the course of his life. This generosity began with his first job when he was 16 when his diary shows that he donated 6% of his salary, then to his church, the giving continued his entire life. He would give primarily to educational and public health causes, but also for basic science and the arts. He had health problems beginning in the fifties. Rockefeller ultimately died of arterial sclerosis on May 23rd 1937 less than two months shy of his 98 birthday. Forbes magazine reports that the Rockefellers are still worth An estimated $11 billion today, another reason why it's vitally important to meet with a true financial coach who listens to your goals for retirement legacy planning and can implement a total retirement income plan taking into account Oh, necessary detail. Well, folks. Welcome back in again. This is Coach Pete joining you right here. Live from studio on the financial safari joint with Mr Thomas. Lis. Come and the rocket man. Hey, Coach. Guys were having fun today. You know, one of things that we haven't talked about in a couple weeks And when I realized this guess we're going to do Was that talk about how we're going to talk about a financial Philip? Oh, do it. You know, we in a nothing I haven't talked about is the green flag on the mailbox. Very, very important. Both of those are income planning techniques. Where when you think about back in the day, and this is for people, maybe just joining and maybe have never heard this But back in the day, you guys remember? Maybe you remember this. Maybe Don't I remember because I'm 51. But I used to be in the back seat of the station wagon. Mom would pull into the gas station and should hear this. Handout would run a guy and he would fill the car. Wash the windshield. Check the oil. Who knows what else he was doing in there? Maybe, but disconnecting a pipe that historical hopes that we have, but it was making sure mom had. Surely we all felt good because the guy left us with a full tank and we were on our way out. And any time we need to guess we pull right in, same thing happened. There were no bank machines back then. So everything was cash. No credit cards either may remember that you guys don't even know that. You know, it's almost honest these days. You and your memory. Do you have any requisition? Of your mom having to go to the bank and going in for the teller in getting money out. So you have money for the weekend. I do remember that. Very rarely, But as a kid, I didn't remember having no bank machine. Yeah, that's right. There were, of course, once they have in the bank machines that they had bank machine robbing criminals come a fear so that everything just cottage industries that string up not good. But let's talk about income planning and the fact that the matter is Many people listening don't have a true income plan and you have a financial plan, which is great. You save money in your 401 K is your 403 bees Your state return wherever you are Your retirement plans your company retirement if you have a pension, but when you get a retirement, he did have an income. From that lump sum that will never go away. And that's the important part. And that's the part that many people overlook is how you're going to take that. Want some and get a lifetime income from it. It's easy to get income from the first couple years. Just take money out. Sure, but it might run out. So you need to make sure that you have the perpetual income and I like to look at it as a money. Damn so you we talk about when we hear about in the news how people are matted fevers every now and then beavers clog up the streams and turn it into a big old. Pond, whatever minutes floods and gets in a lot of people mad, But dealing with the financial beaver can help you build an income pyramid because of beavers take all these trees that that's a big teeth. By the way, they chop the trees down, and then they stack them up. They create their own pyramid of of safety for them, because they like a a big big pond, not a little stream, Erica. And so what we do. Those were like the ones we stack different financial products on top each other to dam up the money to create an income stream. Yuka never outlive makes a lot of sense now, obviously, beavers of specialized What they do just like your coach and something that you mentioned in developing that income plan. I think I want to make sure our listeners hear this because you mentioned a new income plan that will not run out. I think there are a lot of people out there that that abide by, say, the 3% 4%. Whatever rule me out there, There's no true guarantee. When it comes to these things you hear about the 3% 4% 5%.

Rockefeller Coach Pete Standard oil company John Dee New York Forbes magazine Exxon Mobil United States U. S Supreme Court Cleveland Philip Ohio America Yuka Erica Mr Thomas Chevron
"standard oil company" Discussed on News & Talk 1380 WAOK

News & Talk 1380 WAOK

09:03 min | 5 months ago

"standard oil company" Discussed on News & Talk 1380 WAOK

"Even a really keeping a real of your holes in our shop tonight, and we're back. It was good to hear people getting on the bus headed to Washington. And again. We're closing Wednesday. No signed up, so make sure if you are coming if you need a bus if you Coming on your own. We need to know. So we're prepared with the face mask and the sanitizes and taking temperatures coming into the mall. So we are all covert 19 careful. Goaded W. That National action network that net www that national action network that net and We are looking for you. You and you there BB wine and call you coming to sing. George Clinton. Many of you of a certain generation of George Trainees go Curly wrote a special song for Black America. A CZ. Well, it's all well civil rights leaders and most important may be led by the families. Our police and racial violence to Floyd Family Rianna tale of family Family off Ahmed Aubrey. Family, Very Ghana and, of course, as I now, so I'll talk to length with father Jacob Blake, who was shot seven times over the weekend. In the back in Kenosha, Wisconsin, and the father and family will be there to tell the story as we demand the passing. This is not about just Commemoration march is to demand a passing of the George Floyd. Justice and Policing Bill Policing and Justice Act is called the George Floyd. Releasing in Justice Act and the John Lewis voting rights at one of things that we need to deal with. Is this new economy We keep hearing. The phrase, but the question is how we fit in it. So let's go to school. Let's talk to the professor about blacks in the new economy. And, of course, I'm talking about Professor Jonathan Jackson. National spokesman for the Rainbow Push Coalition and a businessman. How are you today? Brother Jackson. What a wonderful river now keep up the great work and congratulations in advance on a successful march. Thank you, Blacks and the economy. How many jobs have been permanently eliminated by covert 19? At the present time we're looking at, uh, roughly 3.7 million jobs will have been permanently eliminated. The numbers are continuing to creep up. He's in the numbers can be difficult to obtain at this time is most of the numbers that you're hearing about for job losses are coming from bankruptcies and unemployment. But there are millions of persons that have businesses with no debt where the husband and wife family members, uh, had saved both the building kept the shop open. And now they find themselves unable to keep their stores open. So you're looking at almost 1/5 of those that are into restaurants. It is conservatively held that they will close one in five restaurants and about 12% of the retailers currently Will be permanently closed. Why Why they permanently closed. And others are surviving and in some cases driving Well marketing access to capitalization. We saw that when this PPP money first rolled out that there were different companies that had access to the Begged or the private banking door and they were able to have their paperwork process more expediently. And so, therefore the Ruth crisp restaurant chain and others got $20 million. And smaller person that had fiber 10 persons, restaurants were not able to get it so having access to financial institutions, there've been roughly our 8000. Brain banking operations have been closed since the 2008 Banking crisis. Many of those have not re opened. So therefore we're being told to go online will have access to the banker. You remember the movie? Um it's a wonderful life. That that's the story of banker could bless you. And so if you have small town small banks, they're able to access these windows. If you're wealthy, high net worth individual and go through private Banking services were able to access these windows and millions of people have been unable to do so. And frankly, after you stop work, you closed down your restaurant. You don't cut off your bills. So these bills have accumulated over the last six months, and it will be a little bit too high of a hurdle for many entrepreneurs to see themselves climbing out of Now blacks. Ah, in the midst of this economy are disproportionately impacting impacted by the closing of businesses. And by the way, They have been disproportionately neglected in the stimulus and bailout money. Is that correct? Him and we can feel over and over it. And as we're talking river now the economy is changing. Um, the when the Dow was first created, Uh, Exxon Mobil, which was part of the standard. Oil company and General Electric. They were two of the founding. If you will of the 30 corporations that were a composite to make you see how the overall economy is doing. It's not very broad, but it's just a philologist that they try to sample. So Exxon got on in 1928. And it is now it will now be officially removed from the Dow Jones at the end of August. For this year, 2020 General Electric was one of those founding companies on the Dow Jones It was removed in 2018. So now all of the corporations that are on the down Or none of the corporations that were originally there, and so therefore you can see how the economy is transforming and as the Exxon Mobil Comes off of the Tao. It is being replaced by Salesforce Inc. Uh, kind of gives you a window into the world of what the new economy looks like that for many CEO that I've spoken to It's unwritten in a sun official. They want 20% cost reduction savings across the board layoffs, travel entertainment from hotels. Anyway, they could do it. He's highly automated, sophisticated software sales programs is one way that they're unable to do that to track phone trail follow upon closing the highly efficient But their job killers for certain What? Ah! Is your advice on how blacks can weather this storm Professor? Even now, it goes back. We have to say we need a new generation of bank licence and bank charters the same thing that happened before the financial crisis in 2000. And seven and eight is the same problems affecting us. Now it's even more enhanced more exacerbated more exaggerated. Colvin is unearthing and showing all the things that were broken before. Our discrimination and banking has never been settled. It was given a kiss, not a wink and a pass and it was kicked further up the road. So our cost of capital and investing in our neighborhood to R. Corporation's say the crime is too hard, so therefore I can't invest the other side of that is we can bring the crime down until we have access to more jobs and more capital. I would say we have to lead with the former. We need access to the jobs when it's in anticipation that the covert 19 could have this sort of destruction. We've been talking 50 years about blacks investment. Government. Our community's they've never had the money when they said unemployment was going to get 20% in the white community, they found $2 trillion within two weeks in anticipation of something can happen..

Exxon Mobil George Floyd professor General Electric Professor Jonathan Jackson Floyd Family Rianna Washington Exxon Ghana George Clinton Kenosha W. John Lewis Wisconsin Dow Jones Rainbow Push Coalition Black America
"standard oil company" Discussed on KTRH

KTRH

05:35 min | 5 months ago

"standard oil company" Discussed on KTRH

"Our favorite part of the program when we can't give that liberating projection to anybody who's been paying A lot of money every year to the IRS, and it really is pretty liberating. Once you understand how the government becomes your partner in oil and gas, so a lot to talk about right now we're until two and we would love to talk to you. 833645 4500 our number. 8336454500 Here it's smart oil and gas this week in our oil and gas history segment. We're talking aboutthe life of Al Meadows. Ah, big time Texas oilman. Who obviously accomplished a lot in oil and gas. He was a billionaire. But he also beyond the wealth gave back to his country and to his home state of Texas in some very significant ways, so mark if you would tell us all about the life of Al Meadows Al Meadows grew up in by Dahlia. Georgia, and then he went to the Migdalia Collegiate Institute and he studied business. Then he had a bunch of jobs and here and a buddy kind of hitchhiked and caught trains and travel all around the South. And next thing you know, he lands in Shreveport, Louisiana, and gets a job as an accountant and standard oil company in Louisiana Sister Rockefeller's company, Yeah, John D. Rockefeller's company, and they work for a while, and then he left there and he started his own business, and he started a insurance and loan Finance Business inch report and came up with an idea. That when somebody wanted to buy an all field, he came up with the idea. Determining having engineers determined how much oil will come out of that old Phil over time. And using the future payments from the oil to pay for buying the field now, okay, and it's It's very common way of financing all fields now, but then it was very unique. And he did a couple of times. You got good at it, so he started buying into all Welles himself and using the future production payments from the wells to pay for his interest. And eventually what happened is he started the General American oil company, and he had to headquarters in his report, and he made so much money with all these individual wells, and this is back when the price always 50 cents to a dollar. 50 of barrels, like in the 19 forties is important. I mean it was or was cheap, but still they would go out on a finance. This final fields in drilling in Wells, and he started doing his individual investor, and eventually he started doing it as the company. General American oil company, and he made so much money doing this both the finance and the producing The Wells the can. I got out of the insurance business and went full time into oil and gas and didn't like most people like the hunts her from El Dorado, Arkansas, when you get rich in old business And you're from the South. Where do you want to go to? You moved to Dallas, so I'll move to Dallas and eventually hey, started traveling all over the world and when he was in Madrid He went to the product, a museum and you saw the works of El Greco and Goya. And he said he started buying that art from individuals and eventually started his own art collection. And he donated it to Southern Methodist University. And they name be the art school after him the meadows School of Art at S M u. I heard at one point he by accident. I bought some counterfeit paintings, and once he found out, he went back and got the originals. Yeah, that's what there is a story that story. I mean, he got ripped off by somebody for like a lot of money, So okay, it's all right. I'll go get the originals now. Yeah, well, what happens if you thought he was buying originals and was going to donate them to Meadows art collection and having a S M u And then you know, some experts that the's are fake. Like we'll go find the originals, and I'll buy it again. So he bought, you know he would buy some famous painting twice a copy that they thought were the originals. And then when it will found that that something else was original go by the original he started Boss with his first well at some 0.1 well and he started as an individual. He started He was in another business, but but he started with his first well at some point and then grew from there. And what was his peak 232,500. I think he had about 22 or 2600 wells, and he owned interested. It's an amazing number of wells. That you know, in Louisiana and East Texas and all across Texas that he owned interested. What a great story Mark Al Meadows and again an individual. You know, here in Texas that was in another business before he got into oil and gas insurance. So yeah. What a great story. Good afternoon. A smart oil and gas on the air for a few more minutes if you haven't yet connected. Grab the open line We have right now. At 833645 45 100. We will send you the oil and gas. Invest your guide. We should ask for that when we connect, and we're also projecting tax breaks. This is really important information for you, especially if you pay a lot every year to the IRS for your tax bill will project for you. If you call us right now how much less you'll pay for this year's taxes for 2020 As a result of getting into an oil and gas program and this is really exciting information, especially if you just you know, got done writing a big check to the IRS in mid July 833645 4500 the number right now a couple of lines. So let's talk. 8336454500 Coming.

Wells Al Meadows Al Meadows Texas IRS Al Meadows Louisiana standard oil company Mark Al Meadows meadows School of Art Meadows Dallas partner El Dorado John D. Rockefeller Shreveport Migdalia Collegiate Institute Southern Methodist University El Greco Phil
"standard oil company" Discussed on NewsRadio 1080 KRLD

NewsRadio 1080 KRLD

05:23 min | 5 months ago

"standard oil company" Discussed on NewsRadio 1080 KRLD

"How much less She'll pay for this year's tax bill when you get into an oil and gas program to 14838 80 50 the number 2148388050 this week on oil and gas history. It is a story of Al Meadows, a man who went from being an insurance professional to one of the richest and most successful investors in oil and gas in the world. And you know, when you mentioned Al Meadows name here in Texas, Really people know him as a philanthropist, and what he's done for s M u and certainly the Meadows Foundation, and they also know about his art to be collected for many years. But let's talk about Al Meadows today Bosh and talk about what he meant not only the oil and gas but also to D. F W. Al Meadows grew up in by Dahlia. Georgia, and then he went to the Migdalia Collegiate Institute and he studied business. Then he had a bunch of jobs and here and a buddy kind of hitchhiked and caught trains and travel all around the South. And next thing you know, he lands in Shreveport, Louisiana, and gets a job as an accountant and standard oil company in Louisiana. Sister Rockefeller's company. Yeah, yeah, John D. Rockefeller's company, and they work for a while, and then he left there and he started his own business, and he started a insurance and loan finance Business inch report. He came up with an idea that when somebody wanted to buy an all field, he came up with the idea. Determining having engineers determined how much oil will come out of that old Phil over time. And using the future payments from the oil to pay for buying the field now, okay, and it's It's very common way of financing all fields now, but then it was very unique. And he did a couple of times. You got good at it, so he started buying into all Welles himself and using the future production payments from the wells to pay for his interest. And eventually what happened is he started the General American oil company, and he had to headquarters and report and he made so much money with all these individual wells, and this is back when the price all was 50 cents to a dollar. 50 of barrels, like in the 19 forties is important. I mean, it was it was cheap, but still they would go out on a finance this Ah, final fields and drilling in wells and he started doing his individual investor, and eventually he started doing it as the company. General American old company, and he made so much money doing this both the finance and the producing The wells you can. I got out of the insurance business and went full time into oil and gas and didn't like most people like to hunt, sir from El Dorado, Arkansas. When you get rich in old business, and you're from the south, where do you want to go to You moved to Dallas, so I'll move to Dallas and eventually hey, started traveling all over the world. And when he was in Madrid, he went to the product, a museum and you saw the works of El Greco and Goya, and he said he'd start buying that art from individuals. And eventually started his own art collection. And he donated it to Southern Methodist University. And they name be the art school after him The meadows School of Art at S M u. I heard at one point he by accident. I bought some counterfeit paintings. And once he found out, he went back and got the originals. Yeah, that's what there is a story that story. I mean, he got ripped off by somebody for like, a lot of money, So okay, it's all right. I'll go get the originals now. Yeah, well, what happens if you thought he was buying originals and was going to donate them to Meadows art collection and having a s immune and then you know, some X percent. The's are fake. I mean, like, we'll go find the originals, and I'll buy it again. So he bought, you know he would buy some famous painting twice a copy, but they've our the originals. And then when it will found out that something else was original go by the original. He started loss with his first well at some 0.1 well, and he started as an individual. Started was that he was in another business, but but he started with his first well at some point and then grew from there. And what was his peak 232,500. I think he had about 22 or 2600 wells, and he owned interested. It's an amazing number of wells. That you know, in Louisiana and East Texas and all across Texas that he owned interested. Why Mark will great history lesson and what a story of giving back to North Texas Al Meadows. Good morning. Smart oil and gas on the air for another couple of minutes were often noon. Sure. If you haven't connected yet, give us a call Our numbers to 14838 80 50. We have the oil and gas Investor guide for you. We'll send that to you. That's a free resource to help you understand the opportunity to build wealth and to cut your tax bill in oil and gas investments, and we're also projecting tax breaks. It's the best part of the program for us when we can Give you some very good news regarding this year's taxes and how much less you're gonna have to pay as a result of getting into an oil and gas investment, So I grab an open line. Let's talk to on for 838 80 50 is our number again to on for 8388050 Coming.

Al Meadows John D. Rockefeller North Texas Al Meadows standard oil company Meadows Foundation Louisiana The meadows School of Art East Texas Meadows Welles Phil Dallas El Dorado Migdalia Collegiate Institute El Greco Georgia Southern Methodist University Shreveport
Does Mount Diablo Have the Biggest View in the World?

Bay Curious

07:05 min | 10 months ago

Does Mount Diablo Have the Biggest View in the World?

"Okay so we set out to learn if Mount. Diablo is in fact numeral dose on the list of places on Earth where you can see the most land reporter Assault Asana takes a winding road to find out. The mystery of the view from Mount. Diablo is a romantic one steeped in local legend to find out. If it's true I drove to the source itself. Six hundred feet arrive at your destination from the base of the mountain. It takes me about an hour to get to the top. Well took so long. Mount Diablo sits on the eastern edge of the Bay area in Contra Costa County. But you can see. It's double peak pyramid from most spots around the bay at three thousand eight hundred forty nine feet. The mountains view is second to none. Well it's second to one. Maybe we'll find out so the view and you come up. Here is really amazing. How it compares. To Kilimanjaro is up for debate. But I'm kind of partial to the view here from Mount Diablo and I think most people would come pretty amazed by what the view looks like my tour guide today is Sharon Peterson. Mount Diablo state parks interpreter. Which she says means her job is to tell the story of the park. Sharon takes me to the summit's viewing deck. She says the clear day. You can see forty of California's fifty eight counties from here as little as one percent of some of those counties but still this is where we walk out into the wind. I she points West so you can see the Golden Gate Bridge today. You could see both towers with the naked eye and if I give you the binoculars you can probably for sure. She whips them out and there. It is the Golden Gate Bridge Sixty miles away two towers peaking over round top in the Berkeley Hills. That's really really cool. Then we turned north and you can see the Sacramento and San Joaquin rivers forming the Delta South. It's a sweeping view of the Diablo range and livermore pleasanton and finally east or through the haze we catch a glimpse of the snow-speckled Sierra rising above the Central Valley over a hundred miles away. And I heard that you can also see Yosemite from here on a clear day you can and with binoculars you can see Sentinel Dome. There is a rumor that you can see half dumb but it's actually blocked by one of the land features in between seeing it for myself. The site is so magnificent so magical that feels like. I'm looking down at a watercolor. The only thing that compares is the view from a plane. Maybe it's possible. The Myth is true. It's absolutely not true. The Mount Diablo has the largest view in the world. Except for Mount Kilimanjaro. Seth Adams is the land conservation director at Save Mount Diablo and he spent a lot of time myth. Busting the Kilimanjaro claim. I never quite believed it. It just didn't have the ring of truth to me because it's a small mountain and common sense would tell you the taller. The mountain the bigger view but considering the myth has been repeated hundreds of times. He says it makes sense. People would believe it. Seth trace the infatuation with Diablo back to the eighteen fifties and sixties when scientists like Hosea Whitney first geologically surveyed the mountain. That's Jose Whitney of Mount Whitney the tallest mountain in the Sierra Nevada. Jose Whitney road. It is believed that there are few if any points on the earth's surface from which so extensive and area maybe seen as from Mount Diablo the whole area thus spread out can hardly be less than forty thousand square. Miles the legend snowballed from there repeated over and over for decades through the end of world. War Two a time when people really start experiencing parks and mountains. Recreationally and Mount. Diablo became a Goto tourist spot. The Kilimanjaro Claims Circulated and travel guides and hiking maps by railroad companies and Auto Associations Even Contra Costa County described it as quote the world's greatest view more territory visible than from any point in the world but as visitors flocked to Diablo for the views entrepreneur side. Chance to make a buck. More than half of Mount Diablo was locked up. Successively by two big real estate land speculators both of them printed brochures by the thousands that includes the claimed amount of having the largest boasting that claim was a smart business. Move for one developer. In nineteen seventeen he had a dream of building. Thousands of homes on Diablo's western flank and those amazing views helped push his agenda forward. Eventually the developer went bankrupt and the deal flopped. But it was too late. The brochures had done their work. Oh you can definitely credit the brochures for spreading the misinformation. But it's just too good acclaim the largest few in the world right and understand that California was a promoter's dream which brings us to another promoter the entrepreneur Walter p frick who hired a publicist to help him spread the rumor. The Mount Diablo had the greatest view on earth especially as he built an eight foot beacon tower known as the eye of Diablo but frick was working with engineers from the standard oil company and they were skeptical. Someone for the first time said come on biggest view in the entire world so after that the nineteen twenty eight standard oil bulletin added a footnote to their brochure except for a point in Africa. Clearly being Mount Kilimanjaro. From their the legend shifted from Mount Diablo having the largest few in the world to the second largest it went on like this until nineteen ninety four when it was officially debunked by an engineer slash mountaineer. Who did the math? His name was Edward Earl but he went by the nickname. Seven point three eight nine zero five six zero nine nine math joke. She said I don't believe this. And so what I'M GONNA do is. I'm going to find the problem. And I'm going to calculate view sheds for lots of other mountains and see how they compare view. Shed is the area visible from a specific vantage point including land or water. Now Remember Whitney speculated Diablo's view shed was about forty thousand square miles but according to earls calculations it's actually between thirteen and twenty one thousand. That might still sound like a lot but from other Taller Mountains. You can see more than three times as much and even for a total non mathematician like me. It kind of makes sense. Mount Kilimanjaro is five times the size of Mount Diablo so diop blow couldn't possibly have a comparable view shed even if it is an isolated peak.

Mount Diablo Diablo Mount Kilimanjaro Mount Mount Whitney Jose Whitney Golden Gate Bridge Contra Costa County California Taller Mountains Sharon Peterson Seth Adams Assault Hosea Whitney Yosemite Shed Reporter Sacramento Berkeley Hills Standard Oil
Americans find oil in Saudi Arabia - Mar. 3, 1938

This Day in History Class

03:44 min | 11 months ago

Americans find oil in Saudi Arabia - Mar. 3, 1938

"Today is March. Third Twenty twenty. The Day was March third. Nineteen thirty eight. A group of oil prospectors working for an American company discovered a commercially viable source of Petroleum Mayor Demaim in Saudi Arabia since then Saudi Arabia has consistently been one of the world's top oil producers. The Kingdom of Saudi Arabia was established in one thousand nine hundred eighty two when even so combined four regions into one st through conquest even so called for searches for oil a resource that had demand and would be big source of income for a country that needed a boost in its economy in nineteen thirty three. Saudi Arabia signed a contract with the Standard Oil Company of California. Also known as so cow. So cal was granted the right to prospect for oil in Saudi Arabia's eastern provinces side note. So cal is now. Chevron in September of that year American geologist arrived in Saudi Arabia to begin surveys of the land by car airplane. A couple of months later the California Arabian Standard. Oil Company was formed. Cassocks name was later changed to Arabian American Oil Company or Aramco. Geologists began surveying an area around ideological formation near the city of Demaim on the east coast of the country drilling. The first began in April of nineteen thirty. Five in terms of the second whale started in February of Nineteen thirty six soon. More wells were authorized in the area. Those wells did produce some oil but most of them eventually produced more water than oil. Demaim Oilwell number seven at first seemed like it would also be fruitless. The well reached more than three thousand feet beneath the earth. And no water or oil had been found but chief geologist Max. Steiner key thought that they would find oil in the will and he told the company to keep drilling they did and on March third nineteen thirty eight. They struck a significant amount of oil within three weeks. The well had produced over one hundred thousand barrels of oil. In the beginning the oil was sent to. Bahrain barred for export but in nineteen thirty nine. The first tanker load of oil was shipped overseas now. That castle had found oil. It continued mapping and exploring Saudi Arabia looking for more by nineteen forty nine Kazakh. Now Aramco had reached a production of five hundred thousand barrels per day by nineteen fifty. The Trans Arabian pipeline. Had Begun Operations Aramco already paid Saudi Arabia a fee and other benefits but that year. Aramco began to split its profits but the Saudi government nineteen seventy-three the Saudi government purchased twenty five percent of Aramco by the next year it increased. Its stake to sixty percent and in one thousand nine hundred eighty all of course oil rights production apparatus and facilities came under government control by this time demaim oilwell number seven alone have produced more than twenty seven million barrels. Eight years later the company became Saudi Aramco over the next few decades. The company continued to expand its operations and production fuelling Saudi Arabia's economy of course oil production in Saudi Arabia has been an issue closely tied to economics politics and the environment today. Saudi Arabia is the world's second largest crude oil

Saudi Arabia Arabian American Oil Company Standard Oil Company Saudi Government Aramco Begun Operations Aramco Twenty Twenty Demaim CAL Demaim Oilwell California Arabian Standard Chevron Chief Geologist California Bahrain Geologist Cassocks Steiner
"standard oil company" Discussed on KOA 850 AM

KOA 850 AM

03:22 min | 1 year ago

"standard oil company" Discussed on KOA 850 AM

"My name is the name lock a Feller is synonymous with the oil business and big money John D. E. was the country's first billionaire and was considered the wealthiest American of all time in the richest person in modern history but it didn't start that way he was born into a large family in upstate New York and he was shaped by his con man father and religious mother his family moved several times before eventually settling in Cleveland Ohio a Rockefeller became assistant bookkeeper at the age of sixteen and then went into business partnership with Maurice be cooking company and his brothers at the age of Rockefeller formally founded the Standard Oil company in eighteen seventy and he read it until eighteen ninety seven as kerosene and gasoline grew in importance Rockefellers wealth short as he became the richest person in the country controlling ninety percent of the oil in the United States at its peak the US Supreme Court ruled in nineteen eleven that Standard Oil must be dismantled for violation of federal anti trust laws it was broken up into thirty four separate entity that included companies that would become Exxon Mobil chevron and others individual pieces of the company were worth more than the whole and as chairs of these doubled and tripled in value in their early years Rockefeller became the country's first billionaire what a fortune worth nearly two percent of the national economy this big net worth in inflation adjusted dollars was estimated at three hundred thirty six billion dollars in nineteen thirteen his first billionaire was one of the reasons for the creation of the estate tax which now took seventy percent upon his death is air still had a few Bucks left considering his estate was worth twenty four billion inflation adjusted dollars in the depths of the Great Depression Rockefeller was also quite the request as he was giving away millions of dollars over the course of his life this generosity began with his first job when he was sixteen when his diary shows that he donated six percent of his salary then to his church the giving continued his entire life he would give primarily to educational and public health vases but also for basic science and the arts he had health problems beginning in the fifties Rockefeller ultimately died of arterial sclerosis on may twenty third nineteen thirty seven less than two months shy of his ninety eighth birthday Forbes magazine reports that the Rockefellers are still worth an estimated eleven billion dollars today another reason why it's vitally important to meet with a financial protrude listens to your goals for retirement and legacy planning and can implement a total retirement income plan taking into account all necessary due to welcome back everybody Chuck gave me here former Carolina hurricane broadcaster here on the financial so far a coach that you talked about a quick as I know no one likes with what.

US Supreme Court Carolina Exxon Mobil chevron Chuck Forbes magazine Bucks Feller United States Standard Oil company Maurice Rockefeller Ohio Cleveland New York John D. E. three hundred thirty six billi eleven billion dollars
"standard oil company" Discussed on We Study Billionaires - The Investors Podcast

We Study Billionaires - The Investors Podcast

02:32 min | 1 year ago

"standard oil company" Discussed on We Study Billionaires - The Investors Podcast

"So Amazon stores inventory, handles of filming accepts payment deals with the returns handle shipping, all of that his able, small businesses that ten years ago, fifteen years ago, would have had absolutely no chance to even consider getting into that business. So I, I actually think. It is spun probably thousands of small businesses that wouldn't have been in business if not for these big tech platform. So it seems to me that they created enormous amount of competition on balance that might be sort of a contrarian viewpoint. But, you know, there are certain aspects of their behavior that could certainly be argued as anti-competitive. So Google got in trouble with the EU, for example, Amazon might prioritize some of its own private label products over competitors products, and that could be a problem. I don't think is a lot different than what Kroger does, for example, putting their private label stuff traditionally position on the shelf. But certainly you could argue that Amazon's algorithms make it unfair for competitors. But on balance I wholeheartedly believe that the existence of these platforms have significantly enhanced competition and consumer benefits. I think a lot of people are looking at the negative aspects of these companies, while simultaneously Norring the incredible achievements that they had it. So it's like looking at the liability side of the balance sheet without ascribing any value. The asset side. So there might be regulation, there should be some regulation involved, but on balance from the user's perspective, it's free, and I think on balance, it is created competition in terms of antitrust another interesting thing. I've been thinking about recently read a book by Aita tar bell called history of the standard oil company and it's basically a collection of the original pieces that tar bell road for McClure magazine. And she was the famous probably the most famous Muckraker as they called it. And it's an interesting book to read because it was written in nineteen o five before the supreme core famously broke up standard oil in nineteen eleven so Tarbuck was instrumental, she was actually a catalyst in getting the American public and by extension elected officials to rethink regulation and legislation. And in fact, in force the Sherman law was actually in place since eighteen ninety, but she was really the catalyst, or one of the catalysts that got Roosevelt and his administration begin thinking about actually enforcing it. The reason I bring up standard oil's because I constantly hear people refer to standard. Oil at when they're talking about antitrust, and it's obviously the most famous case. So that's not unwarranted. But the standard oil behavior was so blatant, and so agreed jus- just a classic monopolistic behavior. They basically consolidated the oil industry to gain market power. They colluded with railroads to fix prices on.

standard oil company Amazon Tarbuck Kroger Google EU McClure magazine Sherman law Roosevelt fifteen years ten years
"standard oil company" Discussed on NewsRadio 1080 KRLD

NewsRadio 1080 KRLD

05:29 min | 2 years ago

"standard oil company" Discussed on NewsRadio 1080 KRLD

"And gas this week on oil and gas history. It is a story of Al meadows. A man who went from being an insurance professional to one of the richest and most successful investors in oil and gas in the world, and you know, when you mentioned, Al meadows name here in Texas, really, people know him as a philanthropist tan what he's done for SMU, and certainly the meadows foundation, and they also know about is art that he collected for many years, but let's talk about Al meadows today Bausch and talk about what he meant not only the oil and gas, but also to DFW Alimentos grew up in Georgia. And then he went to the daily a collegiate institute, and he studied business, then he had a bunch of jobs, and he and a buddy kinda hitchhike and caught trains and track. All around the south and next thing. You know, he lands in Shreveport, Louisiana and gets a job as an accountant and standard oil company in Louisiana Rockefellers company. John D Rockefeller's company and he worked for a while. And then he left there, and he started his own business. And he started a insurance and loan finance business in Shreveport. So he hooked up with a friend called Ralph trip it, and they started this General Finance company, then why people in one thousand nine hundred thirty s people were trying to finance oil and gas wells. He decided, hey, I would get a he wanted to get into helping people finance their oil and gas drilling an expiration from his finance and insurance company, and he did that and he came up with an idea that when somebody wanted to buy an oilfield. He came up with the idea determining having engineers determine how much all will come out of that old Phil over time. And using the future payments from the oil to pay for buying the field now. Okay. And it's it's very common way financing oilfields now, but it then it was very unique. And he did a couple of times he got good at it. So he started buying into all wells himself and using the future production payments from the wells to pay for his interest. And eventually what happened is he started the general American oil company, and he had to headquarters in report, and he made so much money with all these individual wells. And this is back when the price of oil was fifty cents to a dollar fifty a barrel like in the nineteen forties. It was it was cheap. But still they would go out, and they finance this buying oilfields in in drilling in wells. And he started doing as individual investor, and eventually he's he started doing it as the company general American oil company, and he made so much money doing this, both the finance and the producing the wells. They got I got out of the insurance business and went full time into oil and gas, and then like most people like to Hans who from El Dorado, Arkansas when you get rich in all business, and you're from the south where do you wanna go to move to Dallas? So I'll move to Dallas. And eventually he started traveling our world, and when he was in Madrid he went to the Prada museum, and he saw the works of El Greco and Goya and he decided he'd start buying that art from individuals and eventually started his own art collection. And he donated it to southern Methodist university in name. The the art school after him the meadows school of art at SMU. I heard at one point he by accident bought some counterfeit paintings. And once he found out he went back and got the originals. Yeah. That's there is a style that story. I mean, he got ripped off by somebody for like a lot of money. So okay. That's all right. I'll go get the originals now. Yeah. Well, what happens thought he was buying the originals and donate them to the meadows, art collection and having SMU. And then you know this. These are fake we'll go find the ribbons I'll buy it again. He bought he bought some famous painting twice a copy were their originals. And then when they will find out that something else was original go by the original. He started boss with his first well at some point one, well, and he started as an individual you started using another business, but but he started with his first well at some point and grew from there, and what was his peak twenty three hundred twenty five hundred or something he had about twenty two or twenty six hundred wells, and he owned interested. It's an amazing number wells that you know, in Louisiana and east, Texas and all across Texas that he owned interested. Well, thank you Bosh. What a great story about a person who just made a huge impact here in North, Texas and welcome morning smart. Oil and gas exciting times in oil and gas right now as as the price of oil has been heading up and the projections are very good the trend is our friend as they say and also really good time of year because there is still time. Time to get a big tax break on your twenty eighteen taxes when you own part of an oil. Well, and yes here in November. There is still time to get the oil and gas tax break at give us a call this morning. We can project how much you're going to save this year and give you information on how you can own part of an oil, well and benefit not only from the tax break. But from the revenue stream that can benefit you in a big way for many years to come..

standard oil company southern Methodist university Al meadows Texas General Finance company meadows foundation Shreveport meadows school of art Louisiana Dallas John D Rockefeller DFW Alimentos Bausch El Dorado Phil
"standard oil company" Discussed on KGO 810

KGO 810

03:28 min | 2 years ago

"standard oil company" Discussed on KGO 810

"What I observed is that there are not enough news organizations that are doing investigative reporting anymore. They're not they're not back, then so many so many newspapers going out of business and other papers that are still around have laid off so much staff, and you don't see much investigative reporting at all on cable TV or network TV. So we're trying to and we are doing this important reporting. We're also focusing on solutions journalism. We're not just reporting all the problems that we're showing that there are solutions. And here are some ways that we can resolve some of these problems that plague us, and our bell is in honor of either tar bell a really a groundbreaking journalists to sum up what she did. Quickly was awesome. Decided she's off the side is the original Muckraker or investigative reporter in this country. She was a reporter during the early nineteen hundreds. She was writing for a very popular magazine at the time, and she decided to take on the biggest monopoly of that day, which was John D Rockefeller standard oil company, which had grown to these so big and powerful through illegal, and frankly, immoral ways and her reporting was so impactful that it led to the break-up of that big in the Napoli any different companies can also lead to important antitrust and campaign finance laws early nineteen hundreds during the teddy Roosevelt administration. So she was incredibly important, and she's our guiding spirit. We want to do the same kind of reporting in the twenty first century and have the same kind of impact that she has. Well, you know, what I hope you do because she had endure a lot. And she was way ahead of her time, my friend, Mark mcdevitt wrote a screenplay a movie about her and it got picked up by Amazon's. I'm home. Hoping it's going to turn into a film. And it's so funny. I was going. Oh my God. You got to know Wendell Potter because boring. I just learned about Wendell Potter. I'm just telling you about him. And so I think the two of you have since connected deadly spin was a book you wrote. And I want people to pick it up. I have it. I I've bought copies for people. It's about windows life when he worked in the insurance companies putting a deadly spin on things so to speak the companies would do to get you to believe what was not in your best interests. And you're very honest about it, you have really flipped it say goodbye to you. I don't like saying goodbye to because I enjoyed talking to you. How are you dealing because your journal journalist? That's what your roots are. And you've returned to them this crazy fake news and enemy of the people. How are you dealing with that? And how do we deal with that very it's a very scary time. And I'm very proud of you back in journalism. I'm very troubled. Oh, by the way, that our president is demeaning, the news organizations that provide such protection for our democracy and turning so many people to believe that the journalists the news organizations. So the enemies of the people is just reprehensible and dangerous. I think most reporters are dismayed by but are just determined to keep doing what they know is the right thing to do. I do think this will not last forever. But a lot of damage is being done as we as we see every day. Yeah. It's pretty pretty bad. That is for sure. Yeah. It's that's a whole nother topic. We're going to have another time because I know that. I'd like to talk to you more about that. I it's very important to me. I know right now, we focus a lot on healthcare because the election is just two days away. And I re- you gave us a wonderful understanding of what's at stake here. And why and to get people to vote in there. Against it. Like, I believe we did two years ago. Wendell Potter tar dot org. And we'll have you back. We'll talk about everything else you're doing because you're doing a lot..

Wendell Potter reporter teddy Roosevelt administration John D Rockefeller standard oi Mark mcdevitt Amazon president two years two days
"standard oil company" Discussed on NewsRadio 1080 KRLD

NewsRadio 1080 KRLD

06:02 min | 2 years ago

"standard oil company" Discussed on NewsRadio 1080 KRLD

"Oil and gas history. It is a story of Al meadows. A man who went from being an insurance professional to one of the richest and most successful investors in oil and gas in the world, and you know, when you mentioned, Al meadows name here in Texas, really, people know him as philanthropist tan what he's done for SMU and certainly the meadows foundation, and they also know about is D collected for many years, but let's talk about Al meadows today. Boss and talk about what he meant not only to oil and gas, but also to DFW Alimentos grew up in Georgia. And then he went to the five daily collegiate institute, and he studied business, then he had a bunch of jobs, and he and a buddy cannon hitchhike and caught trains and travel all around. In the south. And next thing. You know, he lands in Shreveport, Louisiana and gets a job as an accountant and standard oil company in Louisiana Rockefellers company. Yeah. John D Rockefeller's company and he worked for a while. And then he left there, and he started his own business. And he started a insurance and loan finance business in Shreveport. So he hooked up with a friend called Ralph trip it, and they started this General Finance company, then why people in one thousand nine hundred thirty s people were trying to finance oil and gas wells. He decided, hey, I would get a he wanted to get into helping people finance their oil and gas drilling an expiration from his finance and insurance company, and he did that and he came up with an idea that when somebody wanted to buy an oilfield. He came up with the idea determining having engineers determine how much all will come out of that old field over time and using the future. Payments from the oil to pay for buying the field now. Okay. And it's it's very common way of financing oilfields now. But then it was very unique. And he did a couple of times he got good at it. So he started buying into all wells himself and using the future production payments from the wells to pay for his interest. And eventually what happened is he started the general American oil company, and he had the headquarters in Shreveport, and he made so much money with all these individual Wilson. This is back when the price was fifty cents to a dollar fifty a barrel like in the nineteen forties. Yeah. Ford is it was it was cheap. But still they would go out, and they finance this buying all fields, and in drilling in wells. And he started doing as individual investor, and eventually he's he started doing it as the company general American oil company, and he made so much money doing this that finance and the producing the wells. They got I got out of the insurance business. I went full time into oil and gas, and then like most people like the Hans who were from El Dorado, Arkansas when you get rich in all business, and you're from the south where do you wanna go to your moved to Dallas? So I'll move to Dallas. And eventually he started traveling our world, and when he was in Madrid he went to the Prada museum, and he saw the works of El Greco and Goya and he decided he'd start buying that art from individuals, and eventually he started his own art collection. And he donated it to southern Methodist university, and they name be. The art school after him the meadows school of art at SMU. I heard at one point he by accident bought from counterfeit paintings. And once he found out he went back and got the originals. Yeah. That's there's that story. He got ripped off by somebody for like a lot of money. So okay. That's all right. I'll go get the originals now. Yeah. Well, what happens is buying the originals and was going to donate them to the meadows art collection and having SMU, and then, you know, some experts that this these are fake. And then we'll go find the ridden by it. Again. He bought he bought some famous painting twice a copy that they were the originals. And then when they will find out that something else was original go by the original. He started boss with his I well at some point one. Well, and he started it as as an individual. You started was in another business. He, but but he started with his first well at some point, and then go from there, what was his peak twenty three hundred twenty five hundred or so I think he had about twenty two or twenty six hundred wells that he owned interested. It's an amazing number wells that you know, in Louisiana and east, Texas and all across Texas that he owned interested. Thank you Bosh gray history segment and a real motivator. I think for a lot of share in Texas to to know and realize that L meadows started like we talked about with his I well and then built built an empire. So thank you very much. Welcome again. This is smart oil and gas radio every week here on KRLD talking about. The opportunity for the individual investor to cut your taxes and create wealth when you own part of an oil. Well, and we have open phone lines right now. In fact, two lines for you to call us. We can talk about a couple of things this morning. First of all will project your tax savings for this year? Yes, what will happen to your taxes? How much they'll go down when you own part of an oil. Well, so that's one reason to call and another reason to call we have the oil and gas investor kit, and we will send it to your free of charge. We just ask you to call us before we get off the air at twelve noon. So give us a call. Now. The phone number is eight seven seven four one to seventy two hundred eight seven seven four one to seventy two hundred this morning at smart oil and gas. Smart oil and gas. We will get the boss to answer this week's mailbag questions. First question can trust on an oil. Well, we'll answer that second question is a really interesting, and it's from a listener that says he wants to invest, but his is not on board. So we will attempt to answer that question as.

standard oil company southern Methodist university Al meadows Shreveport Texas Louisiana General Finance company meadows school of art meadows foundation DFW Alimentos Dallas John D Rockefeller accountant Georgia El Dorado
"standard oil company" Discussed on KTRH

KTRH

04:53 min | 2 years ago

"standard oil company" Discussed on KTRH

"Being, an insurance professional to one of the richest and most successful investors in oil and gas in the world and you know. When you mentioned Al meadows name here in Texas really. People. Know him as a philanthropist tan what he's done for SMU and strictly the, meadows, foundation and they also know about is art that he collected for many years but let's talk about Al meadows today Boston and talk about what he meant not only oil and. Gas but also to the state of Texas l. meadows, grew up in Georgia and then he went to the daily collegiate institute and he studied business then he had a bunch of jobs here. In, a buddy kind of hitchhike. And caught trains and travel, all around the south and next. Thing you know he lands report Louisiana and gets a job as an, accountant, and standard oil company in Louisiana Rockefellers, company, yeah, John D Rockefeller's company and he worked for a while and then he. Left there and he started his own. Business and he started a Insurance and loan finance business in Shreveport so he hooked. Up with a friend called Ralph's trip it, and they started this General Finance company then why people. In nineteen thirties people were trying to finance oil and gas wells he, decided hey I would get a he, wanted to get into helping people finance their oil and gas drilling, an expiration from his finance and insurance company and he did that and, he came up with an idea that when somebody wanted to buy an. Oilfield he came up with the idea determining having engineers determine how much all will come out of that old over time and. Using the future payments from, the oil to pay for buying the field now okay and it's it's very common way of, financing oilfields. Now, but then it was, very unique and he did a couple of times he got good at it so he started buying into all wells Himself and using the future production payments from the wells to pay for his interest and eventually what happened is he started the general American oil company and he had the headquarters in. SRI. Port and he made so much money with all these, individual Wilson this is back when the price of oil was fifty cents to a dollar fifty a. Barrel like in the nineteen forties yeah I mean it was it was cheap but still. They would go out and they finance this buying oilfields in in drilling. In wells and he started doing as individual investor and eventually he's, he started doing it as the company? General American oil company and he made so much money doing this. That finance and the producing. The wells that he got I got out. Of the insurance business and went, full time into oil and gas and then like most people like to Hans her from, El Dorado Arkansas when you get rich in all business and you're from the south where do you wanna go to your moved to one of the big cities in Texas Houston or Dallas so I'll move to Dallas. And eventually he started traveling over the world and when he was in Madrid he went to the Prada museum and he saw the works of El Greco and Goya and. He decided he'd start buying that art from individuals and eventually started his own art collection and, he donated it to southern. Method This university and they name the the art school after him meadows school. Of art at SMU I heard at one point he by accident, botched counterfeit paintings and once he found? Out he went back and got the originals yeah that's there's this. Story he got ripped off. By somebody for like a lot of money. Okay that's all right I'll go, get the originals now yeah well what happens he was buying the originals and was going, to donate them to the meadows art collection and having our SMU and then you know some experts that down this these are fake And then we'll go find the ribbons and I'll. Buy it again He bought he bought. Some famous painting twice a copy that they thought were the regionals and then when it. Will found out that something. Else, was, original go by the original he started boss with I well. Yeah at some point and he, started it as as an individual you started was in another business But but he started with his I well at some. Point, and then grew from there and what was, his peak twenty three hundred twenty five hundred or so. I think he had about twenty two or twenty six hundred wells. And he owned interesting it's an. Amazing number wells that you know in Louisiana and east. Texas and all across Texas that he owned interested well thank you boss say inspiring. History segment tonight especially when you. Consider again that almetco started with that I well and built from there what a what a great story welcome to smart oil and gas. Every Sunday night here on..

standard oil company El Greco SMU Texas Al meadows General Finance company John D Rockefeller Louisiana Hans daily collegiate institute Shreveport Boston Georgia Ralph Wilson accountant
"standard oil company" Discussed on WGN Radio

WGN Radio

02:12 min | 2 years ago

"standard oil company" Discussed on WGN Radio

"One in schiller park is about to go now cody i was telling you i was gonna talk about this the one in belvedere on your way rockford is still there there are four over the highway oasis is still in existence belvedere lake forest tins down in south holland south holland was the one that i grew up near that was called the chicago southland lincoln oasis so you know what i'm talking about the the bridges the oasis is that go over the tollway where you can pull up on both sides and then you walk across and you stand over and you look at the trucks going by and you get vertigo and you think you're gonna fall right into traffic you know you wanna traffic around there is always horrible but there's a little bit of you even even when progress makes sense there's things that make you a little sad like us moving it made sense we had to go but it's still a little sad so now another oasis is going this is one of those i love i love when i would use to drive up to milwaukee when i drive the rockford i always try to stop the oasis it used to be back in the day that i wouldn't get gas at the oasis because they were always a lot more expensive than if you got him at home but sometimes you just have to but there was always something fun about getting off you could run in the bathrooms on both sides sometimes once i will be closed and then you'd get confused when he came out and you couldn't remember what side of the oasis you came in on and you had your walked out and you're like whoa this where's my car my car gets stolen no you came in on the northbound side now you're on the southbound side so getting rid of the zeo heroin says opened in nineteen fiftynine least to standard oil company of indiana the planned demolition follows the twenty fourteen removal of the displaying zohreh over the jane addams tollway they're this very week there was a save the displays a waste is facebook page but they only got about two hundred lakes and that was that you know there's that's not going to do a two hundred likes is now going to do it so they remodeled the displays oasis and now there's a.

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"standard oil company" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

02:16 min | 3 years ago

"standard oil company" Discussed on WNYC 93.9 FM

"To that you do think the presidency has become to imperial your critical if i remember correctly up president obama for the daca order after he had said for a long longtime that he couldn't do that by executive order he needed congress to do it also for some of the things that he did in pursuit of curbing global warming that he couldn't get congress to go along with with respect to carbon emissions how do you see a bomb in this respect president obama like almost all postwar presidents resorted to executive orders to achieve by fiat what he couldn't achieve from congress and if you support the policies you have sympathy for him because he felt like you had no options the problem was i made the policies vulnerable to being reversed by his successor just as president obama reverse many of george w bush's executive order and trump is reversed obama's and also because it made them vulnerable to being struck down by the supreme court on the daca order would have been struck down of justice scalia hadn't died the court split four to four on it and we'll see what they do with the latest version so this is the case for constitutionalism when it comes to the imperial presidency that the framers were right when they said that congress should do its job and the president should do his or her job and that when you try to circumvent that procedure then you end up with policies that are vulnerable to being reversed or start down so what was it that went so wrong in his term as president and that singular since he saw aggravated his mentor roosevelt teddy that he ran against him that a third party context in nineteen twelve helping to throw the election to woodrow wilson so what went wrong it's just an incredible personal story of these two men who were closest to friends residents handpicked successor turning against them part of it was the antitrust suits the task brought he's such a principle trust buster that he brings more antitrust suits in one term than roosevelt brings a nearly two and one of them was a lawsuit against northern security is kind of part of the standard oil company that roosevelt had refused to.

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"standard oil company" Discussed on WLOB

WLOB

02:01 min | 3 years ago

"standard oil company" Discussed on WLOB

"Break up uh standard oil company for example is uh thirty some different little company today we hear bernie sanders and elizabeth warren rail against big bags of conservatives condemn crony capitalism demand that we drain the swamp what extent have these arguments been heard before well i think this is exactly the problem of of corporate five the problem of the concentration of of power and if the corrupting influence of power has been uh a a maintain american political dialogue since the late nineteen th century some to the period of uh of william jennings bryan screaming about monied interests in and the people who prefer the gold standard in and painlessly said that you could not crucify mankind upon this cost of gold uh these are these are in many ways are longstanding perspective it's also a longstanding debate about what to do about large corporations and what to do about concentration of of of economic uh power and wealth there's no simple set of answers um even today's uh in politicians have a variety of of approaches there's always been an approach that suggests that size itself is the fundamental problem and that uh institutions and organisations should be smaller uh that their market shares should be less there's another school of thought that says it's not necessarily size but what you do with the size and therefore it would be better treated by uh by by rules and regulations that prohibit certain types of behaviors uh but don't necessarily infringe on what a company can can be and uh and i think you know the the conservative push back against uh against crony capitalism or against a corruption that we that we heard a lot about during the last year's presidential election uh reflects that this is not a partisan issue uh that this sort of antipathy toward uh toward the corrupting power of of big money is particularly uh wall street uh stretches to both sides of uh of the political i'll in many cases a more to come we'll be back in just a moment.

standard oil company bernie sanders william jennings Break up elizabeth warren presidential election
"standard oil company" Discussed on WCHS

WCHS

01:59 min | 3 years ago

"standard oil company" Discussed on WCHS

"Standard oil company for example is a thirty some different little company today we hear a bernie sanders and elizabeth warren rail against big bags of conservatives condemn crony capitalism and demand that we drain the swamp what extent have these arguments been heard before where i think it didn't exactly the the problem of of corporate five the problem to concentration of of power and if the corrupting influence of power has been uh of a maintain american political dialogue since the late nineteen th century some to the period of uh of william jennings bryan screaming about monied interests and the people who preferred the gold standard in any payments they said that he would not crucify mankind upon this cross of gold uh these are these are in many ways are longstanding perspective it's also a longstanding debate about what to do about large corporations and what to do about concentration of of of economic uh power and wealth there's no simple set of answers um even today's uh in politicians have a variety of of approaches there's always been an approach that suggests that size itself is the fundamental problem and the institutions and organisations should be smaller uh that their market shares should be less there's another school of thought that says it's not necessarily size but what you do with the size and therefore it would be better treated by uh by by rules and regulations that prohibit certain types of behaviors uh but don't necessarily infringe on what a company can can be and uh and i think you know the the conservative push back against uh against crony capitalism or against a corruption that we that we heard a lot about during the last year's presidential election uh reflects that this is not a partisan issue uh that this sort of antipathy toward uh towards the corrupting power of of big money is particularly uh wall street uh stretches to to both sides of uh of the political lyle and then he cases a more to come we'll be back in just a moment.

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"standard oil company" Discussed on Stuff You Missed in History Class

Stuff You Missed in History Class

02:10 min | 3 years ago

"standard oil company" Discussed on Stuff You Missed in History Class

"The population of the newly established cleveland grew very very slowly although the immediate area wasn't permanently inhabited other parts of what would become the state of ohio were people were reluctant to move to the area out of fear of attacks by the indigenous population and until the eighteen 20s it was also hard to get to thanks to a lack of roads or other transportation options eventually steam boats on lake erie roads railroads and the construction of the ohio in irri canal way made it more accessible as cleveland grew it became an important industrial center in the united states standard oil company which is still recognizable name was established by john d rockefeller and it was founded there around eighteen seventy steel mills became a huge part of cleveland's economy and also one of the major employers with almost thirty percent of the city's population working in the steel industry by eighteen eighty these industries in the city itself grew up in a time when there wasn't a lot of regulation about how to handle waste sewage emptied into the river as did industrial waste of roma off the water became so dirty that if you fell into it you went to the hospital when you got out again this was remotely unique to cleveland and to a lot of people a river that was obviously visibly filthy was a necessary tradeoff for all of the industry that was bringing money into the city cleveland's population peaked in nineteen fifty at nearly a million people but then as was the case for many other industrial cities in the united states the industrial sector started to decline between nineteen fifty two in nineteen sixty nine the city lost sixty thousand manufacturing jobs and that industrial decline brought along with it a loss of jobs an increase in abandoned industrial property along the waterfront a higher crime rate and a range of other social and economic issues as the city centre became increasingly rundown anyone who could afford to move to the newer suburbs did and that compounded all of these issues.

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