Wednesday, November 5, 2014

Expect Oil Prices to touch a bottom


Jim Rogers says he would not be dumping oil if he owned it. He also believes that the recent decline in the price of crude is "artificial." Rogers warns that American shale production is going to slow very quickly at lower oil prices because it is an expensive source of oil and the wells decline very quickly.





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%.

1 comment:

  1. AnonymousNovember 5, 2014 at 5:26 PM

    These "artificially" created low oil prices wouldn't be a U.S and Saudi conspiracy to crush the ruble and halt Putin's economic, imperialist expansion would it? If the U.S government tells me not to buy Russian stocks, they are probably doing it themselves behind the scenes and have shorted the ruble and crude oil months ago!!! $$$ If you missed the dump, average in for the rebound pump if oil drops to $70-$75.

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