“It is ridiculous for the current administration to devalue the currency and then complain oil companies have higher profits. Nor is it fair to rail against so-called Big Oil. After all, it is you and I who own Big Oil.
Mutual funds own 29.5 percent. Pension funds own 27.0 percent. Individual investors own 23.0 percent. And 14.0 percent is held in IRAs. About 5 percent is owned by other institutional investors, and only the last 1.5 percent is held by corporate management.”
David Marotta
www.emarotta.com
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