Oil Company History

[MolaKule]

Marland Oil Company

 

[salesrep]

Wow. 10% of the worlds oil production from the jump!

 

[4WD]

 

[Linctex]

I have been to Marland's old Ponca City, Oklahoma offices (Now Conoco)

Everything is pretty much gone now. Ponca City was a truly amazing place in earlier times.

 

[Kira]

Marland, worth $85,000,000 in 1920 = X today.

Find X.

 

[salesrep]

1.3 billion... at a measly 3% growth/inflation rate

 

[Linctex]

Originally Posted By: salesrep
1.3 billion... at a measly 3% growth/inflation rate


Obviously not compounded.

 

[shanneba]

$85,000,000 in 1920 had the same purchasing power as $1,085,805,291 in 2017

X = $1,085,805,291 in 2017

https://www.moneysavingtips.org/calculate/inflation/85000000

 

[salesrep]

Yes. Compounded. Rule of 72.

 

[atfadapter]