Growing Pains
Crude oil was first stored in
any container that could be
found, making it difficult to
judge quantities.
Inspiration came from the whiskey industry in the form of a standard size barrel. Even though far removed from the days when oil was actually stored or transported in whiskey barrels, the 42-gallon barrel remains the standard unit of measure today.
Whenever oversupply caused the price of crude oil to plummet, producers had to take whatever price the refiner offered. The Ohio Oil Company eventually saw the benefit of becoming its own market for crude. In 1924, it bought a 750 barrel-per-day refinery in Robinson, Illinois, and with it came a handful of "Linco” station locations in Illinois and Indiana.
Hauling crude from the well site
by horse and wagon, or later by
railroad, was much less efficient
and more costly than a pipeline.
Ohio Oil began constructing
pipelines to transport its crude
oil in 1905. So with all the pieces
in place - exploration, production,
refining, transportation and
marketing - a new era began in
company history.
Erected by
Topics. This historical marker is listed in this topic list: Industry & Commerce.
Location. 41° 2.13′ N, 83° 39′ W. Marker is in Findlay, Ohio, in Hancock County. Marker is on S. Main Street (Ohio Route 37), on the right when traveling north. Touch for map. Marker is in this post office area: Findlay OH 45840, United States of America. Touch for directions.
Other nearby markers. At least 8 other markers are within walking distance of this marker. Findlay and Beyond (here, next to this marker); Donnell Legacy (here, next to this marker); Early Beginnings (here, next to this marker); Independent Company (here, next to this marker); Names Will Change (here, next to this marker); Versatile Hydrocarbon (here, next to this marker); Refineries Multiply (here, next to this marker); Marketing Petroleum (a few steps from this marker). Touch for a list and map of all markers in Findlay.
Credits. This page was last revised on February 17, 2021. It was originally submitted on February 15, 2021, by TeamOHE of Wauseon, Ohio. This page has been viewed 41 times since then. Photos: 1, 2, 3, 4. submitted on February 15, 2021, by TeamOHE of Wauseon, Ohio. • Bill Pfingsten was the editor who published this page.
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