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Who Owns “Big Oil?” (Holdings of Stocks, 2011)

Who Owns “Big Oil?” (Holdings of Stocks, 2011)

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Published by Energy Tomorrow
If you’re wondering who owns “Big Oil,” changes are good the answer is “you do.” If you have a mutual fund account there’s a good chance it invests in oil and natural gas stocks. If you have an IRA or personal retirement account there’s a good chance it invests in energy stocks. Contrary to popular belief, and what some politicians might say, America’s oil companies aren’t owned just by a small group of insiders. Only 2.8 percent of industry shares are owned by corporate management. The rest is owned by tens of millions of Americans, many of them middle class, such as teachers, police and firefighters.
If you’re wondering who owns “Big Oil,” changes are good the answer is “you do.” If you have a mutual fund account there’s a good chance it invests in oil and natural gas stocks. If you have an IRA or personal retirement account there’s a good chance it invests in energy stocks. Contrary to popular belief, and what some politicians might say, America’s oil companies aren’t owned just by a small group of insiders. Only 2.8 percent of industry shares are owned by corporate management. The rest is owned by tens of millions of Americans, many of them middle class, such as teachers, police and firefighters.

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Published by: Energy Tomorrow on May 18, 2011
Copyright:Attribution Non-commercial No-derivs

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05/12/2014

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