Wednesday, July 11, 2012

Jim Rogers @July 2012: When things are collapsing, all sorts of strange things happen

 Oilprice.com: I read a report by the Economist Phil Verleger, who thinks that the Saudis' massive increase in oil production, along with other economic problems could cause oil prices to crash to $40 a barrel oil and $2 a gallon gasoline by November. Do you think this is a reasonable forecast, and we could see oil at these levels? 
Jim Rogers: We could see anything. We certainly saw lower prices than that back in 2008 when there was a collapse. When things are collapsing, all sorts of strange things happen. We found that out in 2008, and we will probably find out in the future, as well. If oil does go to $40, that means it'll just be setting up an even more bullish scenario for the duration of the bull market.-in Oil Price

1 comment:

  1. Jim rogers was right on when he predicted commodities would be the place to be over the next ten to twenty years back in the year 2000.

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