Sunday, September 14, 2014

War Will Drive Oil Prices Higher

If war breaks out, there is no top for oil prices. Who knows how high it would eventually go? I don’t expect war anytime soon. But if it does happen, then one should definitely own all commodities, especially oil. Even without war, oil prices can move up, since oil reserves in most of the world are on a decline. The world is facing serious longer–term oil energy problems down the road.

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).

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