John D. Rockefeller：Random Reminiscences of Men and Events, Additional Excerpt 162

The building of the pipe-lines introduced another formidable competitor to the railroads, but as oil could be transported by pumping through pipes at a much less cost than by hauling in tank-cars in a railroad train the development of the pipe-line was inevitable. The question was simply whether the oil traffic was sufficient in volume to make the investment profitable. When pipe-lines had been built to oil fields where the wells had ceased to yield, as often happened, they were about the most useless property imaginable.

Source： https://www.gutenberg.org/ebooks/17090
Locator：Additional excerpt 162 · Verified：2026-10-19 · Verification：Short excerpt

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