Jim Rogers - Oil price to rise Beyond Expectations

Global investor, Jim Rogers says he thinks oil prices are set to rise "beyond anyone's expectations" and the US economy will slow down as a result.Aged just five, Rogers was selling peanuts for profit. He became a hedge fund pioneer, a commodities trader and, years ago, he shifted much of his money, and his family too, out of the US and into Asia.
Jim Rogers :"The IAE the international Energy Agency said that the world's known reserves of oil are declining at the rate of six percent a year , there is no Oil " "during the course of the bull market during the next ten years 150 dollars to 200 dollars a barrel , I do not know it is going to go beyond anybody 's expectation including mine and I am the bull , but there will be corrections along the way " Jim Rogers told the BBC recently


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 : Oil Price to Rise beyond anybodys expectations

Speaking with the British BBC, last Tuesday 17 May 2011, famed investor Jim Rogers chairman of Rogers Holding said he believes that the oil prices will rise “beyond anybody’s expectations” in the foreseeable future and that America is in serious trouble





Jim Rogers : “The IEA, the International Energy Agency, says that the world’s known reserves of oil are declining at a rate of 6% per year. There is no oil,”
“Well , during the course of the bull market, during the next 10 years, 150, 200 $ . You pick the number,I don’t know, it’s going to go beyond anybody’s expectations, including mine. And I’m the bull. But there will be corrections along the way.” and when asked about the implications of the high oil prices on the global economy and in particular the American one Rogers said : "...we have slowdowns in America , America is in serious trouble there is no doubt about it , there is no question that a 200 dollars a barrel will hurt America in many ways it is gonna hurt a lot of people but some people will benefit, Steven remember, there are lots of people out there in the world. Somebody’s always benefiting and somebody’s always suffering.”







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 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 warns that Oil prices may be heading for $200 per barrel

Jim Rogers : Known reserves of oil are declining

reknown investor Jim Rogers , warns that the Oil Prices may go as high as $200 because the world is running out of oil , the interview is by the BBC 'the world is running out of reserves of oil' 20 January 2011



Jim Rogers :.....“Well, the surprise is going to be how high the price of oil stays and how high it goes, because Justin [Rowlatt] we have had no major elephant [field] 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.”
“Justin, the price of oil is going to make new highs,” Rogers said. “It will go over $150 a barrel. It will probably go over $200 a barrel.”