Wednesday, December 17, 2014

Crude Oil: All Major Oil Fields Are In Decline

All the major oil fields in the world are in decline, except the shale boom in the United States. Bur everything else has declining reserves. And we are not replacing still those fields where else.

Related stocks: Exxon Mobil (COM), ConocoPhillips (COP), Marathon Oil (MRO), Diamond Offshore Drilling (DO), Halliburton (HAL)

Related exchange traded funds: Energy Select Sector SPDR ETF (XLE),  United States Oil Fund LP ETF (USO)

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).