They’re often owned by the same business, or cartelized interests.
In the US, during the oil boom of the early 20th century, the race to control the oil market was ultimately about controlling the storage and rail network. Rockefeller didn’t become the richest man in the country by sinking wells.
That’s why you’ll see “Railroad Commissioner” in states like Texas be the body that governs the O&G industry.
They’re often owned by the same business, or cartelized interests.
In the US, during the oil boom of the early 20th century, the race to control the oil market was ultimately about controlling the storage and rail network. Rockefeller didn’t become the richest man in the country by sinking wells.
That’s why you’ll see “Railroad Commissioner” in states like Texas be the body that governs the O&G industry.