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Page added on June 12, 2007

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How to Trade Like a Rockefeller

…The wealth John D. Rockefeller left behind is still being managed and invested through the family office that he and his son set up, Rockefeller Financial Services.


Check out the Stockpickr portfolio and you’ll see that the Rockefellers haven’t left their oil roots behind. Rather, it’s probably the most comprehensive oil-infused portfolio I’ve ever seen. The Rockefellers clearly believe in peak oil theory, and they are putting their money behind it full force.


For most of the second half of the 19th century, the U.S. controlled the oil markets even more tightly than Saudi Arabia, Nigeria, Norway, Iran and a few others combined do now. Places like Oil City, Titusville and Pithole — all located in the state of Pennsylvania — were awash in the stuff. Oil City was home to the headquarters of motor oil company Quaker State, which is now part of Royal Dutch Shell (RDSB – Cramer’s Take – Stockpickr).


John D. Rockefeller created his fabulous wealth by controlling not only the production of oil, but also the distribution of it. He did this by maintaining control of the railroads and by marketing it through his Standard Oil Trust company.


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