Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.

Friday, January 21, 2011

Jim Rogers warns that Oil prices may be heading for $200 per barrel

Jim Rogers : Known reserves of oil are declining

reknown investor Jim Rogers , warns that the Oil Prices may go as high as $200 because the world is running out of oil , the interview is by the BBC 'the world is running out of reserves of oil' 20 January 2011



Jim Rogers :.....“Well, the surprise is going to be how high the price of oil stays and how high it goes, because Justin [Rowlatt] we have had no major elephant [field] oil discoveries in over 40 years, The International Energy Agency is going around the world pleading with people to listen. Known reserves of oil are declining. It is not good news. Unless somebody discovers a lot of oil very quickly, prices are going to go much higher over the next decade.”
“Justin, the price of oil is going to make new highs,” Rogers said. “It will go over $150 a barrel. It will probably go over $200 a barrel.”
Jim Rogers "the 19th century was the century of the UK , the 20th century was the century of the US , the 21 st century is going to be the century of China "
Related Posts Plugin for WordPress, Blogger...