Oil may stay Down for a while

 Jim Rogers : Whenever you have a major crude collapse like the current one, there has to be a rebound. However, normally the prices test the bottom before rebounding. I am not sure if we have seen the bottom yet.

Normally, you have a big rally, and then somewhere along the line it peters out. Then you have another test of the bottom. I suspect we will do so this time too.

Owing to the collapse in oil prices, inflation everywhere is down. Oil may stay down for a while, or even go further down and test the lows.

Maybe prices will go up by a few more dollars. But by spring this year, we will probably see a new test of the bottom.





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%.

OIL : Worldwide Reserves are in Decline and that is going to cause problems down the road.

ET Now: One commodity which impacts substantially from an India point of view is oil. What levels do you expect in 6 to 12 months?

Jim Rogers: I do not know. I am a bad market timer and a short-term trader. What I do know is that this surprise is going to be over the next few years - as to how high the price of oil stays and how high it goes. Reserves of oil worldwide are in a decline and that is going to cause problems down the road.

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%.

I own Oil, I own Gold

"I own oil, I own gold, I own things like that if there is going to be a war : they're [going to] go much, much higher."

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%.

Natural Gas vs. Oil

Jim Rogers: Well, If natural gas stays this low compared to oil prices, it does give an incentive to develop natural gas-powered vehicles, and I think we are going to see more and more developments here. Is it going to end the use of oil, combustion engines? Probably not any time soon. Someday it could, but someday is a long way away. - in oilprice

 
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%.

Oil is going to be much higher over the years

Jim Rogers : They ( Commodities ) are moving at all-time high records. Do I expect gold to crash? No, I don't expect it to crash, although I see it coming down; Crude oil has come down quite a lot. I expect it to rally soon just like everything else. The world is running out of known oil reserves and unless we discover a lot of oil quickly, it will be all about how high it stays and how high it goes. Oil is going to be much higher over the years.


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 : I expect Oil to rally soon

Jim Rogers : They are moving at all-time high records. Do I expect gold to crash? No, I don't expect it to crash, although I see it coming down; Crude oil has come down quite a lot. I expect it to rally soon just like everything else. The world is running out of known oil reserves and unless we discover a lot of oil quickly, it will be all about how high it stays and how high it goes. Oil is going to be much higher over the years. - in Economic Times

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 : at $300 a barrel they will be drilling for oil at Buckingham Palace

Jim Rogers CEO of Rogers Holdings speaking today with CNBC about the crude oil shortage and high prices : every once in a while even I get it right so I am pleased to hear that I got it right once and that you remember , but I also remember that you said that there is a lot of oil around and I said to you Where is the Oil ? and I still want to know Where is the Oil ? everybody wants to know , you why the oil prices is up because there is not a lot of oil around " "look at $300 a barrel they will be drilling for oil at Buckingham Palace I assure you yes , when oil go higher and higher a lot of things happen people cut back the use and other people find new sources of energy and that will happen it has always happened "




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 : Money flowing to Gold Silver Asia and Oil

Famed Investor Jim Rogers chairman of Rogers Holding and the creator of Rogers International Commodities Index speaks to Jay Carter of the Financial Survival Podcast about the overall global economy outlook and in particular commodities like Gold Silver and Oil and where they may be heading next ...



Jim Rogers : ...the thing that caught people's attention is that gold was going up so much that's the wrong way to invest , Look I own gold I own silver but where were these guys five years ago ten years ago that's when they should have ben doing all of this (buying huge amounts of silver) unfortunately for all of us most investors do not notice something until there is nice bull market in place such as with gold and silver , after ten years of price rises in gold people are starting to notice ...and yes there will be more people buying gold eventually everybody is going to own gold and then we will have to sell our gold but that's a long way from now ....


Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendry 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%.

the price of oil is going to make new highs

Jim Rogers: Justin, the price of oil is going to make new highs. It will go over $150 a barrel. It will probably go over $200 a barrel.
in www.bbc.co.uk

Jim Rogers : the surprise is going to be how high the price of oil stays and how high it goes

Jim Rogers : Well, the surprise is going to be how high the price of oil stays and how high it goes, because Justin we have had no major elephant oil discoveries in over 40 years. The International Energy Agency is going around the world pleading with people to listen. Known reserves of oil are declining. It is not good news. Unless somebody discovers a lot of oil very quickly, prices are going to go much higher over the next decade.
in  www.bbc.co.uk

Jim Rogers : Saudi Arabia have been lying about their reserves for decades

Jim Rogers `Short' Emerging Market, Nasdaq Stocks March 2011
Jim Rogers :"...no they cannot Saudi Arabia have been lying about their reserves for decades , Saudi Arabia the last two times said we gonna increase production and they couldn't increase production , they told George Bush they couldn't increase production and they cannot , do not fall for that , the reason the oil is going up is the world is running out of known reserves of oil ".....
"eventualy we will [break the barrier of 148 record] there is no question "

Jim Rogers : we are running out of OIL - CNN March 03 2011

Jim Rogers :"..well the current situation is certainly causing oil to go higher and oil will go over a $150 will go over $200 eventually , if we have more turmoil it will go over a $150 next year or two , the problem is the world is running out of known supplies of oil period , and so the surprise will be how how the price stays and how it will eventually goes even if there is peace in the middle east " "...the IEA is going around pleading with people to listen that they we are running of world's known reserves of oil are declining at rates of 4 to 6 percent a year , figure it out that's simple arithmetic , we're running out of known reserves of oil "

Jim Rogers Interview Commodities and Oil Rally on Libya Turmoil - Bloomberg Feb. 28

Jim Rogers :"...no they cannot Saudi Arabia have been lying about their reserves for decades , Saudi Arabia the last two times said we gonna increase production and they couldn't increase production , they told George Bush they couldn't increase production and they cannot , do not fall for that , the reason the oil is going up is the world is running out of known reserves of oil ".....
"eventualy we will [break the barrier of 148 record] there is no question "

Jim Rogers Says He's `Short' Emerging Market, Nasdaq Stocks
Feb. 28 (Bloomberg) -- Jim Rogers, chairman of Rogers Holdings, talks about his investment strategy for global stocks and commodities. Gold advanced, approaching a record, as tensions in the Middle East boosted oil prices, increasing demand for precious metals as a protector of wealth and hedge against inflation. Rogers also discusses his strategy for the U.S. dollar. He speaks in Hong Kong with Rishaad Salamat on Bloomberg Television's "On the Move Asia." (Source: Bloomberg)

Jim Rogers : Unrest in Libya can push Crude Oil over $150 per barrel

 Jim Rogers : "...Certainly, it can go to USD 150 per barrel over the next decade. I have no idea what will happen this year. If Libya calms down and everybody else does, it will go down for a while. If the UK goes bankrupt or some sudden surprise happens, everything will go down. But crude oils is going to go over USD 150 per barrel, it is going to go to a couple of 100s in the next decade...."

The main worry has been the geopolitical risk and the situation across Libya getting worse and crude ofcourse spiking up to a 30-month high. In an interview with CNBC-TV18, Investment Guru, Jim Rogers, speaks about the issue and gives his outlook going forward.

Jim Rogers : The World is running out of Oil

Jim Rogers : "...Justin, those reserves off the coast of Brazil are wonderful if you own them, but even the wildest and most optimistic estimates would only add one year's reserves to the world. The world is using 86 million barrels of oil everyday Justin. Even if it stays static or goes down a little bit, those finds off Brazil will make somebody rich, but they are not going to solve the world's problems. And, if you know of a lot of oil in the Arctic, please tell us where it is, but it is going to be very difficult to get it out of there...."
in www.bbc.co.uk

JIM ROGERS: Oil going for $200

Global Investor Jim Rogers says oil is headed to $200 in a recent BBC interview Jim Rogers : "....Well, the surprise is going to be how high the price of oil stays and how high it goes, because Justin we have had no major elephant oil discoveries in over 40 years. The International Energy Agency is going around the world pleading with people to listen. Known reserves of oil are declining. It is not good news. Unless somebody discovers a lot of oil very quickly, prices are going to go much higher over the next decade...."

Jim Rogers : Silver is Cheaper than Gold

Silver Vs Gold And Oil Vs Natural Gas
"I like to buy what's cheapest. Silver is cheaper than gold, on a historical basis; natural gas is cheaper than oil. We see more and more speculation in oil and gold. And in these times, it's usually best to step back and let others speculate."

via CNBC

Jim Rogers prefers Silver and Gas to Oil and Gold

Jim Rogers prefers Silver and Gas to Oil and Gold
Jim Rogers “I like to buy the things that are cheap. Silver is cheaper than gold on a historic basis. Natural gas is cheaper than oil on a historic basic.”