Oil & Seashells

Marcus Samuel, Oil Baron

Marcus Samuel (1853-1927) was born in London to a wealthy Iraqi-Jewish family originally from the Netherlands. On a trip to the Black Sea in 1890, he saw the potential in oil (still a novel resource at the time). Samuel ordered the construction of 8 tankers that met the highest safety standards, receiving permission to transport oil to Asia across the newly-built Suez Canal. Thus was born Shell Oil, taking the name of the Samuel family business, which began meagerly just a few decades earlier by selling painted seashells. Using one of his tankers, Samuel once saved the stranded ship HMS Victorious, a feat for which he was knighted. Previously, Sir Samuel had served as the Sheriff of London, and even its Mayor! For his role in fueling the Allies in World War I, he was made 1st Baron of Bearsted, and later 1st Viscount of Bearsted. Lord Samuel was known for his incredible devotion to his wife and four children. So much so, in fact, that he died less than 24 hours after the passing of his beloved wife. At death, he left his large estate to be transformed into a public park, an orphanage and a nursing home. Today, his company is known as Royal Dutch Shell, after having merged in 1907 with the Royal Dutch oil company in order to compete with Rockefeller’s Standard Oil. Shell is currently the 5th largest company in the world, with a yearly revenue of over $360 billion.

Today is Tu B’Shvat!

Words of the Week

If you live as though there will always be a tomorrow, then you’ll never make much of today.
– Rabbi Noah Weinberg