SS: George Soros proposed opening up US strategic oil reserves to drive the prices down in effort to hurt Russian economy. Now, is that feasible? Is punishing Russia worth tapping into those reserves?
Jim Rogers : America does have oil reserves, but they are not enough to… I mean, if we’ve sold all of our oil reserves, it’s not enough to have any kind of significant effect on the world oil market. It might make the market go down for a day or weeks, or two weeks, even. But, then the markets it’s going to go back before, and the market may even go back more, because then America would have sold its oil reserves, and we wouldn’t have anything in reserve, so… again, you have to ask him, I don’t know, but that doesn’t seem like a very viable solution to me.- in a recent interview with RT , Click here to watch the full interview>>>>
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%.
