In this essay, we have focused our attention on two aspects of Russian petroleum industry, first, the effects of the excise tax on the kerosene trade, and second, the different strategies of fhe Nobel Company before and after this imposition. 1. The re-introduction of the excise tax in 1888 resulted in subsequent contraction of the domestic consumption and fostered the kerosene export at dumped prices. The Minstry of Finance, which sponsored the industrialization with various means, recognized the non-subsidized development of the petroleum industrialists, who, according to the Minister, Vishnegradsky, had "gained all the greater success year by year" during the 1880s. The imposition of this tax appeared monstrous. All the kerosene exported was exempted from it but was under the control of the authorities. As Beeby-Thompson described: "an obligation note was obtained from the officials to the value of the duty on the exported oil" that allowed the consigner "nine months in which to pay." And that amount was to be credited only after "satisfying the authorities that the kerosene was exported." The oil industrialists, therefore, were forced to export the surplus immediately after refining, at much lower prices compared to the home market. 2. The Nobel Brothers Petroleum Company, at the head of the industry, had already exported its kerosene prior to 1888. This company, which established itself to the monopolistic position through a Rockfellor-like expanding policy, had considered the export market as an extented part of the domestic market, and had created even some subsidiary companies to sell its products in Europe. After the imposition of the tax, however, the Nobels had to change its view of exportation and reconsidered it as a complementary to the Russian market. As one of its directors wrote to Fred Lane, "we want to get rid of the surplus which we have on our interior markets, in order to be able to put prices up in Russia." By following this new strategy, the Nobel Brothers achieved the monopolistic hegemony in Russia and attained always higher profits than the Rothschilds, whose aim was centered on the export and on the introduction of chief products into Europe.
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