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Monday, July 10, 2006

BULLISH ON OIL

A Reuters interview with Jim Rogers, billionaire former George Soros investment partner, predicts oil prices over $100/barrel, soon and indefinitely, in a bullish invstment climate:

Oil will hit well over $100 and stay high: Rogers
By Barbara Lewis

LONDON (Reuters) - 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, billionaire U.S. investor Jim Rogers told Reuters...

This will please the "this IS the end of cheap oil" bunch (which includes me).

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