Friday, June 20, 2008

Backbiting in the Black Gold Fields of Oklahoma


The oil business here in Oklahoma has a fascinating history, story of wildcatters, huge losses and bigger gains. We went today to the mansion of E. W. Marland who at one time held as much power as Saudi Arabia currently has today in the oil markets. After losing his first million in Penn. E.W. came here and again built a massive fortune. While not well know outside of Oklahoma here he is a considered a saint, donations aplenty for workers and folks living here. His mansion is an amazing look at the wealth built on black gold. The company Marland Oil eventually became Conoco due to some shady moves by J.P. Morgan. Moves that would have had J.P. jailed today, E.W exacted some revenge by becoming congressman and loved governor of this state and vigorously promoting anti- trust laws. His story and that of his family would be a fantastic movie as indeed it just might be soon. The spice in the twisting tale is E.W. marrying his adopted daughter after the death of his first wife. Today we explore the world of Frank Phillips of Phillips 66 fame.


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