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Who owns most of the Oil Companies' Stocks?
Who owns most of the Oil Companies' stocks?
Obama would say the 1%ers, so would Hellary. Which just goes to show you that they attack what gives them political gains-just like Idiot Jimmy Carter. When you attack a corporation that BENEFITS America, you attack your own economy and prove you are either nothing but an ignorant POS Demagogue or a socialist or just a complete dumbazz (fits Obama and Hellary perfectly-all of the above-and liars and crooks).
In reality, Oil Companies' stocks are mostly owned by US average citizens, so when the likes of someone like Obama says take away the tax deductions (he wrongly calls those 'subsidies'), he is merely again HURTING the average citizen.
WASHINGTON, October 21, 2014 – The owners of America's oil and natural gas companies are largely retirees and middle class Americans saving for retirement, according to a report by Sonecon, Who Owns America’s Oil and Natural Gas Companies, commissioned by API.
“When oil and natural gas companies do well, so do millions of their owners all across America,” said Kyle Isakower, API vice president of regulatory and economic policy. “The study concludes that a large proportion of the benefits of oil and gas company stock ownership goes to middle class Americans.”
In 2014, public and private pension and retirement plans, including 401(k)s and IRAs, hold 46.8 percent of all the shares of U.S. oil and natural gas companies, according to the study. Individual investors own 18.7 percent, and asset management companies including mutual funds hold 24.7 percent of shares. Institutional investors like banks, insurance companies, foundations and endowments hold 6.9 percent of shares.
Together, these groups hold 97 percent of oil and gas industry stock. By comparison, the officers and board members of U.S. oil and gas companies own less than 3 percent of total shares.
“As companies announce 3rd quarter earnings, it’s important to remember how they’re in line with other manufacturers, how they’re large as a total dollar figure because these are large multinational companies that compete on a global stage with foreign nationally-owned oil and natural gas companies, and how these earnings represent good news for millions of Americans,” Isakower said. “The U.S. oil and natural gas industry is a major part of our nation's economy. It supports 9.8 million jobs and pays more taxes than any other industry and at higher effective rates. As the Sonecon study shows, the industry also benefits millions of Americans who are its true owners.”
My Take:
Now a few on here may say otherwise, but those few are the ignorant, blind followers of Demagogues that prey on their lack of understanding of how the USA Economy works. Sad as it is, a large percentage of the US citizens FAIL to see how our economy works and they whole-heartedly believe the words spewed by someone such as Obama and Hellary-two people that NEVER have held a job in the PRIVATE SECTOR and have no grasp on how businesses work and survive-those two people are why the USA has economic problems-they wouldn't know the difference between a knothole and an azzwh0le. When you attack OIL, you attack the Middle Class-in many ways-one of which will be higher fuel prices, which high fuel costs affect ALL industries, even farming. So when Obama and the Dummycrats say they want to take away 'subsidies to oil companies', each one of us should say "No, you dumbsheeet, you are hurting my wallet and retirement!!!" and remember that this November as well as each time you vote.
Obama would say the 1%ers, so would Hellary. Which just goes to show you that they attack what gives them political gains-just like Idiot Jimmy Carter. When you attack a corporation that BENEFITS America, you attack your own economy and prove you are either nothing but an ignorant POS Demagogue or a socialist or just a complete dumbazz (fits Obama and Hellary perfectly-all of the above-and liars and crooks).
In reality, Oil Companies' stocks are mostly owned by US average citizens, so when the likes of someone like Obama says take away the tax deductions (he wrongly calls those 'subsidies'), he is merely again HURTING the average citizen.
WASHINGTON, October 21, 2014 – The owners of America's oil and natural gas companies are largely retirees and middle class Americans saving for retirement, according to a report by Sonecon, Who Owns America’s Oil and Natural Gas Companies, commissioned by API.
“When oil and natural gas companies do well, so do millions of their owners all across America,” said Kyle Isakower, API vice president of regulatory and economic policy. “The study concludes that a large proportion of the benefits of oil and gas company stock ownership goes to middle class Americans.”
In 2014, public and private pension and retirement plans, including 401(k)s and IRAs, hold 46.8 percent of all the shares of U.S. oil and natural gas companies, according to the study. Individual investors own 18.7 percent, and asset management companies including mutual funds hold 24.7 percent of shares. Institutional investors like banks, insurance companies, foundations and endowments hold 6.9 percent of shares.
Together, these groups hold 97 percent of oil and gas industry stock. By comparison, the officers and board members of U.S. oil and gas companies own less than 3 percent of total shares.
“As companies announce 3rd quarter earnings, it’s important to remember how they’re in line with other manufacturers, how they’re large as a total dollar figure because these are large multinational companies that compete on a global stage with foreign nationally-owned oil and natural gas companies, and how these earnings represent good news for millions of Americans,” Isakower said. “The U.S. oil and natural gas industry is a major part of our nation's economy. It supports 9.8 million jobs and pays more taxes than any other industry and at higher effective rates. As the Sonecon study shows, the industry also benefits millions of Americans who are its true owners.”
My Take:
Now a few on here may say otherwise, but those few are the ignorant, blind followers of Demagogues that prey on their lack of understanding of how the USA Economy works. Sad as it is, a large percentage of the US citizens FAIL to see how our economy works and they whole-heartedly believe the words spewed by someone such as Obama and Hellary-two people that NEVER have held a job in the PRIVATE SECTOR and have no grasp on how businesses work and survive-those two people are why the USA has economic problems-they wouldn't know the difference between a knothole and an azzwh0le. When you attack OIL, you attack the Middle Class-in many ways-one of which will be higher fuel prices, which high fuel costs affect ALL industries, even farming. So when Obama and the Dummycrats say they want to take away 'subsidies to oil companies', each one of us should say "No, you dumbsheeet, you are hurting my wallet and retirement!!!" and remember that this November as well as each time you vote.
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