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re: Paying too much for petrol?

Posted by:
Pudding 11:14 pm UTC 06/16/08
In reply to: re: Paying too much for petrol? - Smeghead 11:50 am UTC 06/16/08

> > > Regular people all over the world who have pensions who've
> > > invested in oil companies should be glad that they are
> > > doing well.
> >
> > I know of no regular person anywhere who's pension is
> > invested in an oil company.
>
> Most people have their moneies invested in funds and don't
> even know those funds are invested in oil comapnies.

I have an investment in a pension fund and I know exactly what percentage goes into what. I'm fairly certain that a regular person (anywhere in the world) would know if they've invested their pension into an oil company. If a pension scheme had a portfolio of shares through a managed fund and a small part of that was invested into an oil company then they might not know, but that isn't what was said.


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