What conclusion do you think I was drawing? I was just sharing an interesting quote relevant to the thread.
Oil was solely a lighting product at this point. The Teamsters were clearly not thinking 70 years into the future to stop automobiles. But I think the "monopoly" part of the quote is somewhat germain, even if it's just opinion of the author.
Interestingly, the Teamsters (IBT) represents a lot of oil pipeline workers today.
https://teamster.org/wp-content/uploads/2018/12/6617pipeline...