(This is the first in an occasional series on the financing behind the country’s energy boom.)
Oil prices are slipping to levels not seen in years. That is bad for oil companies, but it has to be good for consumers, right?
The story is more complicated than that. Nearly all of us with retirement accounts--the tens of millions of Americans with IRAs, 401Ks, 403Bs, or pension funds--are actually solidly invested in oil and gas companies.