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Jim Rogers: “We’re running out of oil”
In the video clip below, Jim Rogers, chairman of Rogers Holdings and author of Investment Biker: Around the World with Jim Rogers and A Gift to My Children: A Father’s Lessons for Life and Investing, shares his views on oil with CNN. Rogers said: “… the current situation is certainly causing oil to go higher and oil will go over a $150 and it will go over $200 eventually. The problem is the world is running out of known supplies of oil – period. The IEA is going around pleading with people to listen that the world’s known reserves of oil are declining at rates of 4–6% a year. Figure it out – that’s simple arithmetic; we’re running out of known reserves of oil.” Source: YouTube, March 4, 2011 (Hat tip: Global Investor Blog). More on this topic (What's this?) New Oil Prices Website (Learn Mining News, 3/7/11) $130 Oil Could Be Just the Beginning as Libya Crisis Intensifies (Money Morning, 3/2/11) California Has 4x the Oil that's in the Bakken (Wealth Daily, 2/10/12)  Leave a Reply |
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By Prieur du Plessis, on March 5th, 2011 posted in: 
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