Saturday, July 16, 2011

Oil prices to rise Beyond Expectations

Jim Rogers says he thinks oil prices are set to rise "beyond anyone's expectations" and the US economy will slow down as a result.Aged just five, Rogers was selling peanuts for profit. He became a hedge fund pioneer, a commodities trader and, years ago, he shifted much of his money, and his family too, out of the US and into Asia.
Jim Rogers :"The IAE the international Energy Agency said that the world's known reserves of oil are declining at the rate of six percent a year , there is no Oil " "during the course of the bull market during the next ten years 150 dollars to 200 dollars a barrel , I do not know it is going to go beyond anybody 's expectation including mine and I am the bull , but there will be corrections along the way " Jim Rogers told the BBC recently

Jim Rogers is a bestselling author, financial commentator and successful 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).