You Are Big Oil
By Duane Lester • Mar 27th, 2008 • 182 ViewsI own a lot of different mutual funds. I’m not a fancy pant rich guy. I just invest in my 401k. Those mutual funds have a lot of different stock in them. Anyone who owns mutual funds, more than likely has investments in “Big Oil” or “Big Energy.”
Feel dirty yet? The Liberty Sphere breaks it down for us:
a full 40% of Americans are heavily invested in big oil. And the real figure is much higher than that.
If you have mutual funds, stock market funds, or if you have a pension fund, a 401-K, an IRA, or even a bank account, you are invested in the big oil companies because these companies have had the greatest return on investments.
The more money a person has invested in the various financial markets, the more money they have tied up in the big oil companies. And pension funds routinely put that money in stocks that have the biggest return.
Thus, when Hillary Clinton speaks of socking it to the oil companies, she is speaking out of both sides of her mouth. Surely she would not want to give up the profits from her investments, yet she does not want average Americans to know this. She wants to tap in on the misplaced anger many Americans have toward the oil companies.
It is actually big government that is responsible for most of the increases at the pump…at the rate of 7 times the amount the oil companies get in profits.
Seven times. And those taxes are supposed to go towards improving the infrastructure.
Demcrats love class warfare, and “Big Oil” is a great boogeyman for them to use. But if you have investments, they are gong to hurt your retirement with their goals.
All for the common good.





