Jim Rogers graduated from Yale University and has a degree in philosophy, politics and economics from Oxford University. Jimmy Rogers became a Wall street legend when he and George Soros founded the Quantum Fund.After his career as a hedge fund manager and investor,Jim Rogers now periodically teaches finance at Columbia University, and appears regularly on the CNBC Cable Network.
Tuesday, January 17, 2012
If we have a war with Iran who knows how high the price of crude may go
Jim Rogers : The surprise would be how high the price in crude stays and how high it eventually goes. We are running out of known reserves of crude oil around the world unfortunately and there is nothing to replace it yet. Maybe some day there will be things that could replace it. I own crude, I am not selling any commodities. Certainly not crude. Because we are running out of known reserves and if we have a war, because America is dying to go on a war with Iran, and something like that happens, who knows how high the price of crude may go?