Wednesday, June 15, 2011

The OPEC always cheating on each other

"They always come to a consensus verbally and when they have public relations announcements, but they are always cheating on each other. I do not pay too much attention to OPEC because OPEC is running out of oil just like the rest of the world. Do not waste your time watching OPEC, I guess you have to because you have got to have something on TV, but OPEC is not nearly the force it used to be. The market is much more important." Jim Rogers in ET Now

Jim Rogers is a bestselling author, financial commentator and sucessful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI).