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This town was supported by a large oil refinery in the world, which at that time was owned by a subsidiary of Standard Oil of New Jersey, known as Lago Oil and Transport Company Lago had its beginning in 1924 as a trans-shipping facility for crude oil extracted by the Lago Petroleum Corporation operating in Lake Maracaibo.
They considered governor Woodrow Wilson was pushing policies seen as antagonistic towards business, and were also spurred into action by the 1911 Supreme Court decision ordering a breakup of Standard Oil of New Jersey for contravening antitrust laws.
Lago Petroleum became a subsidiary of Creole Petroleum Corporation, now the Venezuelan subsidiary of Standard Oil of New Jersey.