“American demand seemed inexhaustible, so he raised his prices. Soon, he was shipping nearly the whole stock to New York City at $18 a barrel, considerably more than he had paid for it.”

Casey Irving · The Knowledge Project · K.C. Irving: Competing with Giants

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What was described

bought excess potatoes, stored them, then sent telegrams to buyers on the American East Coast and raised the price to $18 a barrel, shipping the stock to New York City

$18 a barrel

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“The orange line on that chart, what I've done is I've bootstrapped a crude price from diesel prices. So the equivalent oil price, looking at diesel, is over $160 a barrel.”
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“Brent is $100… tanker cost $35… plus $50-$60 a barrel for carrier strike groups… total price already $200 a barrel.”
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“I tell a lot of people to raise their prices because a lot of times when you raise your price, you actually start to attract a better customer.”
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Jacqueline Snyder
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