Sunday, January 18, 2015
When Oil Will Move Up Again
When A Few Producers Go Bankrupt, Oil Will Go Much Higher
In the energy markets, what is happening there, its a political situation that is taking place. Unfortunately, when they bankrupt a few producers, such as the fracking companies, I am afraid oil is going to go much, much higher.
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).
at 9:24 AM