Tuesday, March 1, 2011

Jim Rogers: The Saudis Are Lying, We're Running Out Of Oil

"Saudi Arabia has been lying about the reserves for decades. Saudi Arabia the last two times said they are going to increase production and they couldn't increase production. Don't fall for that. The reason oil is going up is the world is running out of known reserves of oil."

Jim Rogers


  1. No, the reason oil is going up is due to fear and speculation.

  2. Buy the dips and buy the shits?

  3. Yes, buy the dip. Looks good right here as any.

    FFIV at 113 is a great buy, for example.