Thursday, January 20, 2011

Jim Rogers: Oil Prices Are Going To Go Through The Roof

"The surprise is going to be how high the price of oil stays and how high it goes, because 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.

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."

Jim Rogers

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