Jim Rogers: Oil will hit $100

Quote from geririchard:

i dont need to go to SE asia to find a wife half my age thank you. if you do your homework ...you might discover he's been right as many times as wrong.try blindfolding yourself and throwing darts at a dartboard to decide how to invest. your results will probably be similar.
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jim rogers came to new york witha few hundred dollars
he managed a fund successfully with george soros. his manhattan house is currently for sale for 15M for which he paid several hundred thousand dollars. he bought the house when new york looked like it was going bankrupt. a quite good contrary investment.

why don't you post his record instead of shooting from the hip.

envy makes one blind . you obviously have put the blinders on yourself.
 
All I know about said Mr. Rogers is that he packed 3 pairs of underwear and 2 bow-ties (amongst other things) to travel round the world. Now that's just not common-sense! :)

As to the title of this thread, I seriously doubt we'll see $100 anytime soon. The producers know what their ceiling is before they start losing market share to renewables / synthetics etc. However, it's those damn hedge funds who mess with the price that you can't bet on. Peak oil or not, the price of oil has to come down soon to allow it to have a medium-term future.
 
Quote from geririchard:

i dont need to go to SE asia to find a wife half my age thank you.


Care to post your birth certificate along with your wife's? Although most states have laws against marrying teenagers...


if you do your homework ...you might discover he's been right as many times as wrong.

Nevertheless he is rich and you are not. I think that is good money management! :)
 
Quote from Alex_in_Oz:

By the time oil reserves run out I am sure our brilliant scientists will be able to synthesise crude from those polystyrene cups, supermarket plastic bags etc and at low cost too. Sound ridiculous? No more than the Peak Oil argument.
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alex, I have been trying to PM you but you are not receiving messages. maybe your message allowance has been reached or you have be banned.
 
Jim Rogers is just plain wrong. Crude will never hit $100 per barrel, 'Peak Oil Theory' has already been proved to be bunkum.
This is just another commodities bubble. A bubble is a bubble is a bubble....
 
Quote from Alex_in_Oz:

My pm recieving facility is switched off.
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you send me a PM which should have been directed to someone else.

disgraceful:)

i before e accept after c.
 
Separate from supply/demand arguments is the fundamental problem with the soft US dollar, which over the last few years has resembled cold cereal which doesn't hold up well to milk. Any continued weakness could easily push crude oil to $100. This is a point I feel is often overlooked by those who debate where we are headed....
 
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