Who Owns ‘Big Oil’? Not Who You Think
The majority of “big oil” and natural gas ownership is in good hands – the hands of the American people.
According to a report published in 2007 by Sonecon, an economic advisory firm that analyses U.S. markets and public policy, corporate management owns only 1.5 percent of the U.S. oil and natural gas industry.
The rest is owned by tens of millions of Americans through retirement accounts (14 percent) and pension funds (26 percent). Mutual funds or other firms account for 29.5 percent ownership and individual investors own 23 percent of oil stock holdings.
Institutional investors hold the remaining 5 percent.
Read more: http://www.cnsnews.com/news/article/who-owns-big-oil-millions-american-inves
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