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%.

Tuesday, December 31, 2013

Oil Outlook: Prices, Saudi Arabia & Reserves




Saudi Arabia has been lying about their reserves for decades. Saudi Arabia the last two times said we are going to increase production and they could not increase production.

They told George Bush they would increase production and they could not.Don`t fall for that.

The reason oil is going up is because the world is running out of known reserves of oil. I don`t know what will happen in the Middle East, if it all blows up tomorrow afternoon, it will go there (all time highs) next week. But if it does not, if things calm down, oil will go back down for a while. But the world is running out of known reserves of oil. these are simple facts.

Related stocks: Exxon Mobil Corporation (NYSE:XOM), Chevron Corporation (NYSE:CVX), Halliburton Company (NYSE:HAL) , Schlumberger Limited. (NYSE:SLB), Repsol YPF, S.A. (ADR) (NYSE:REP), Murphy Oil Corporation (NYSE:MUR), ConocoPhillips (NYSE:COP), Marathon Oil Corporation (NYSE:MRO), Occidental Petroleum Corporation (NYSE:OXY) , Hess Corp. (NYSE:HES), Petroleo Brasileiro SA (ADR) (NYSE:PBR), ConocoPhillips (COP), United States Oil Fund ETF


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%.

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 "
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