Oil companies have no desire to create monopoly, House Judiciary Committee told. Washington, D.C., June 23. W.S. Farish, President of the Standard Oil Company of New Jersey, said before the House Judiciary Committee today that there is keen competition among oil companies and that major companies have no desire to create a monopoly. Farish joined other oil company executives in condemning before the committee a bill to divorce production, refining, and marketing processes of the oil industry