Oil Prices: OPEC Will Have To Do Something

"Somewhere the OPEC will gather and say we have got to do something, because all of OPEC have not had great oil prices for a few years now. They have not cut back their spending and they are all spending a lot of money, so they need to keep the price up. They would take some action or announce some action in an effort to get the price back, especially if it collapses some more and it looks like. You have many chartists at your network and it looks like it is going to have a nice little drop here for a while and that maybe the bottom that will galvanise OPEC into action. "

- in Money Control

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

Jim Rogers : OPEC is not nearly the force it used to be

Jim Rogers : " They always come to a consensus verbally and when they have public relations announcements, but they are always cheating on each other. I do not pay too much attention to OPEC because OPEC is running out of oil just like the rest of the world. Do not waste your time watching OPEC, I guess you have to because you have got to have something on TV, but OPEC is not nearly the force it used to be. The market is much more important" Jim Rogers in an interview yesterday with ETNow 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%.