Thursday, July 06, 2006


Oil To Go Over $100 Per Barrel: Rogers

Reuters has these comments from Jim Rogers. "Oil prices will soar to well over $100 a barrel and stay high as part of a sustained commodities bull run that has another 15 years to run, U.S. celebrity investor Jim Rogers told Reuters in an interview."

"One factor that could bring down the price would be a bird flu epidemic, which would send all asset classes plummeting, he said. 'We're going to have high oil prices for a very long time. The surprise is going to be how high it goes,' Rogers said."

"U.S. light sweet crude hit a new record of $75.40 a barrel on Tuesday."

I'm pretty sure he's the first one, back in 1998, to call the commodity boom.
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