perhaps. but the stockholders essentially ARE the oil compainies. which makes it worse.
If your 401K is in any of these, and too many more to list, you are the greedy SOB's that are the oil companies...
Barclays Global Investors UK Holdings Ltd 4.18 %
STATE STREET CORPORATION 3.61 %
VANGUARD GROUP, INC. 3.05 %
FMR LLC 2.07 %
Bank of New York Mellon Corporation 1.68 %
AXA 1.58
BANK OF AMERICA CORPORATION 1.52
JP MORGAN CHASE & COMPANY 1.40
NORTHERN TRUST CORPORATION 1.27
WELLINGTON MANAGEMENT COMPANY, LLP .93%
FIDELITY EQUITY-INCOME FUND
WASHINGTON MUTUAL INVESTORS FUND
COLLEGE RETIREMENT EQUITIES FUND-STOCK ACCOUNT
We have met the enemy and they is us.