Can America become the No. 1 Oil producer in the world?

Jim Rogers : It’s highly unlikely. I see the same numbers that North America combined might be, but even that’s unlikely. In regard to those same numbers, I have questions I have not found the answers for. One is, how long-lived are these new fields? I have read they’re not long-lived. The other fields in the U.S. are also in serious decline. So you may have this initial jump from the new oil stands or shale oil or whatever you want to call it, but even if that goes up and stays up, the other fields are in serious decline in the U.S. And again, I don’t know about the lives of these fields, these new fields. I hope somebody knows. But most of them are such new fields that it’s hard to have a real answer. - in HardAssetsInvestor





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%.