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
Posted by Chris Beanie at 3:41 AM
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3 comments:

  1. DonatoMarch 1, 2011 at 6:19 AM

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

    ReplyDelete
  2. AnonymousMarch 1, 2011 at 8:36 AM

    Buy the dips and buy the shits?

    ReplyDelete
  3. Chris BeanieMarch 1, 2011 at 10:30 AM

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

    FFIV at 113 is a great buy, for example.

    ReplyDelete

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