The Mudcat Café TM
Thread #111063   Message #2337714
Posted By: Q (Frank Staplin)
11-May-08 - 12:47 PM
Thread Name: BS: Am I the only one stunned by oil prices?
Subject: RE: BS: Am I the only one stunned by oil prices?
Complaints about the oil company profits show remarkable ignorance about business.
Who owns the oil and natural gas companies? You do!

Pension Funds- 27%
Mutual Funds, etc.
Individuals- 23%
IRAs- 23%
Institutions, not oil- 5%
Oil Corporate- 1-2%

Who gets hurt if the companies fail to make a profit? You do!

Data by *Sonecon, Sept. 2007; printed in NY Times Magazine, April 27, 2008.
*Economic advisory firm; includes members from Harvard, George Washington, Florida and other universities and analysis staff.