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View Poll Results: Define "Oil Baron"
Oil Tycoons are only in exploration and production 2 40.00%
Oil Barons can be midstream and/or downstream as well. 3 60.00%
Voters: 5. You may not vote on this poll

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Old 03-09-2024, 09:12 AM
 
Location: The Republic of Molossia
712 posts, read 393,820 times
Reputation: 675

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Hi yall,
Texas has lots of oil tycoons. However I have long wondered if that term is limited to the exploration and production side of the business. The upstream side of the business is the part of the business involved in the actual drilling of the oil and gas wells and pumping the oil out of the ground. A couple fictional Texas Oil Barons were JR Ewing and Jett Rink and a real life example was Claytie Williams Jr. However there are so many different types of businesses in the oil and gas industry besides just the exploration and production obviously.

A lot of people in oil and gas in the state made their millions and billions without drilling for oil themselves. Are owners of successful fuel distribution companies like Buck Strickland from King of the Hill technically considered a tycoon in the oil and gas industry. I dont think most gas station owners would be considered oil barons or oil tycoons because most of them own only one gas station. Is the owner of Bucc-EEs technically a oil baron? Are you oil baron if you own a truck stop or chain of truck stops. Are you a oil baron if you own a pipeline company or a refinery or chemical plant?

Last edited by NewMexicoCowboy; 03-09-2024 at 10:06 AM..
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Old 03-09-2024, 12:24 PM
 
Location: Houston/Austin, TX
9,847 posts, read 6,566,773 times
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Can be any facet. As a matter of a fact, a lot of the biggest oil barons began in downstream or midstream before getting into exploration. Rockefeller, Hess and so forth
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Old 03-10-2024, 11:52 AM
 
Location: Beautiful Northwest Houston
6,287 posts, read 7,492,947 times
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Perhaps the term "oil Baron" itself should just be retired. Maybe we should start using terms like carbon Unicorn or perhaps Methane Hurricane or some other moniker that would better fit into today's vernacular.
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Old 03-10-2024, 12:47 PM
 
18,123 posts, read 25,266,042 times
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Oil baron sounds like a term from the 1920s
Today you have “corporate barons” like Elon Musk and Jeff Bazos who are the human face of huge corporate monopolies to make people think that “it was created with hard work and not corporate greed”
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Old 03-10-2024, 12:50 PM
 
Location: East Texas, with the Clan of the Cave Bear
3,264 posts, read 5,628,678 times
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Pam said it best !


https://www.youtube.com/watch?v=0FDspT9Cxpo
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Old 03-17-2024, 09:09 PM
 
Location: Houston, TX
1,658 posts, read 1,240,529 times
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Quote:
Originally Posted by Dopo View Post
Oil baron sounds like a term from the 1920s
Today you have “corporate barons” like Elon Musk and Jeff Bazos who are the human face of huge corporate monopolies to make people think that “it was created with hard work and not corporate greed”

It sounds like 'robber baron' in the northeast. The difference is many robber barons up there gave tons of their money away to build institutions dedicated towards education, culture and the arts.
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Old 03-19-2024, 04:24 PM
 
17,263 posts, read 21,998,333 times
Reputation: 29571
Oil baron is between the red baron and robber baron but not yet to tycoon!
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