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Jim Rogers: “We’re running out of oil”

Posted By Prieur du Plessis On March 5, 2011 @ 6:57 pm In Commodities,Oil | No Comments


In the video clip below, Jim Rogers, chairman of Rogers Holdings and author of Investment Biker: Around the World with Jim Rogers [1] and A Gift to My Children: A Father’s Lessons for Life and Investing [2], 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 [3], March 4, 2011 (Hat tip: Global Investor Blog [4]).

Did you enjoy this post? If so, click here to subscribe to updates to Investment Postcards from Cape Town by e-mail. [5]

More on this topic (What's this?) [6]
New Oil Prices Website [7] (Learn Mining News, 3/7/11)
$130 Oil Could Be Just the Beginning as Libya Crisis Intensifies [8] (Money Morning, 3/2/11)
California Has 4x the Oil that's in the Bakken [9] (Wealth Daily, 2/10/12)
Read more on Oil [10], Jim Rogers [11] at Wikinvest [12]

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URL to article: http://www.investmentpostcards.com/2011/03/05/jim-rogers-%e2%80%9cwe%e2%80%99re-running-out-of-oil%e2%80%9d/

URLs in this post:

[1] Investment Biker: Around the World with Jim Rogers: http://www.amazon.com/Investment-Biker-Around-World-Rogers/dp/0812968719/?tag=widgetsamazon-20

[2] A Gift to My Children: A Father’s Lessons for Life and Investing: http://www.amazon.com/Gift-My-Children-Fathers-Investing/dp/1400067545/?tag=widgetsamazon-20

[3] YouTube: http://www.youtube.com/watch?v=lgektbORdns&feature=player_embedded

[4] Global Investor Blog: http://jimrogers1.blogspot.com/2011/03/jim-rogers-we-are-running-out-of-oil.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+blogspot%2FWOHK+%28Jim+Rogers+Blog%29

[5] Did you enjoy this post? If so, click here to subscribe to updates to Investment Postcards from Cape Town by e-mail.: http://www.feedburner.com/fb/a/emailverifySubmit?feedId=921608&loc=en_US

[6] (What's this?): http://www.wikinvest.com/blogger/wikinvest_wire

[7] New Oil Prices Website: http://livesilverprices.net/new-oil-prices-website

[8] $130 Oil Could Be Just the Beginning as Libya Crisis Intensifies: http://moneymorning.com/2011/03/02/130-oil-could-be-just-the-beginning-as-libya-crisis-intensifies

[9] California Has 4x the Oil that's in the Bakken: http://www.wealthdaily.com/articles/california-has-4x-the-oil-thats-in-the-bakken/3393

[10] Oil: http://www.wikinvest.com/commodity/Oil

[11] Jim Rogers: http://www.wikinvest.com/wiki/Jim_Rogers

[12] Wikinvest: http://www.wikinvest.com

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