At the moment as you know it is not profitable to drill nearly anywhere in the world at these prices so a lot of drilling is going to be cut back, few wells are going to be built. This is going to last a long time, this will last a long time when it turns. (United States Oil Fund LP ETF (USO), Exxon Mobil (XOM), Marathon Oil (MRO), ConocoPhillips (COP), Energy Select Sector SPDR ETF (XLE))
Jim Rogers is a legendary investor that co-founded the Quantum Fund and retired at age thirty-seven. He is the author of several investing books and also a renowned financial commentator worldwide famous for his contrarian views on financial markets.
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- Stock Market: Long China & Short U.S.
- Commodity Producers: The Cure For Low Prices Is Lo...
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- One Reason The U.S. Economy Cannot Grow
- The Reason The Market Is Going Up
- Markets: Who Cares If Its Up 0.25%?
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- Agriculture Is In The Process Of Turning
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- Gold Will Probably Go Under 1,000 USD/Ounce
- Agriculture: I Am Very Optimistic For The Next Dec...
- Crude Oil: This Will Be A Great Opportunity
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