National Linseed Oil Trust Trust and the Whiskey Trust. At a peak in 1898 the Trust held $6,000,000 in assets over liabilities. An early report by one of the founders stated that the Trust was initially founded for the social benefit of the members. The US Department of Justice brought suit against the Trust for violating the Sherman Antitrust Act. Several co-defendants were named, including the National Lead Company, Archer-Daniels Manufacturing Company, William O. Goodrich Company and the Sherwin-Williams Company. The suit alleged all of these companies were acting in collusion to raise prices, citing a spike in linseed oil costs between 1916 and
Oil production plant is either by pipeline or tanker. Oil production plant An oil production plant (sometimes called an oil terminal) is a facility which performs processing of production fluids from oil wells in order to separate out key components and prepare them for export. This is distinct from an oil depot, which does not have processing facilities. Typical production fluids are a mixture of oil, gas and produced water. Many permanent offshore platforms have full oil production facilities on board. Smaller platforms and subsea wells must export raw production fluid to the nearest production facility, which may be on a nearby offshore