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“Standardized Oil”: from Bloomberg on Davos, with the poorly disguised coded reference to Standard Oil, shows that these out of touch “power brokers” will soon have their power broken.
“The world’s biggest energy companies plan to expand an effort to standardize oil- and gas-pumping equipment, people familiar with the matter said. “Standardization could save the oil and gas industry hundreds of millions of dollars every year,” Bob Dudley, BP chief executive officer, said in an interview.”