Wednesday, May 9, 2012

The Surprise Is Going To Be How High The Price Of Oil Stays And How High It Goes

Jim Rogers :  I do know that the world's known reserves are declining and unless the world finds a lot of oil in accessible areas very quickly, the surprise is going to be how high the price of oil stays and how high it goes. If Spain goes bankrupt next month, every thing, including oil, is going to go down. But if that happens, I would urge you to buy a lot more because the price of oil over this decade is going to go much higher. - in Economic Times

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).