Posted on 07/04/2012 7:30:14 PM PDT by bananaman22
World markets appear to be hovering over a precipice as Europe’s sovereign debt crisis, slowdowns in India and China and further bank downgrades threaten to send stocks and commodities down even further. Falling oil and gas prices may offer some respite to consumers but are they enough to help the economy or are they a symptom of deeper problems?
To help us look at these issues and more we are joined by the well known investor, adventurer and author Jim Rogers. Jim is the creator of the Rogers International Commodity Index, he also recently completed a book called: A Gift to my Children – which helps people learn from their triumphs and mistakes in order to achieve a prosperous, well-lived life. Please click on the following link to find out more information on A Gift to my Children.
In the interview Jim talks about the following:
• Why recent oil price falls are a good buying opportunity • Why oil prices could fall to $40 a barrel • Investment opportunities with the renewable energy sector • Why he is optimistic about Nuclear energy • Why agriculture offers good opportunities to investors • Why Myanmar is the best investment opportunity in the world right now • Why there could be further unrest in the Middle East • Why we should let Greece fail
Interview conducted by. James Stafford of Oilprice.com
Oilprice.com: Jim, thanks for taking the time to join us today.
Jim Rogers: I'm delighted to be here, James. My pleasure.
Oilprice.com: It’s been an interesting period in the energy world as we’ve seen oil prices steadily decline over the past few months and with the problems in Europe and slowdowns in India and China do you expect this trend to continue?
Jim Rogers: Well, there is certainly a correction going on for various reasons. I think Saudi Arabia's trying to help re-elect Mr. Obama. There are also stories that JP Morgan has problems in its London office with a lot of unauthorized positions they're having to liquidate. I don't know what's going on, but I do know that corrections are normal in the industrial world. There's nothing unusual about it. If it continues, there’s an opportunity to buy more.
Oilprice.com: I read a report by the Economist Phil Verleger who thinks that the Saudi’s massive increase in oil production along with other economic problems could cause oil prices crash to $40 a barrel oil and $2 a gallon gasoline by November. Do you think this is a reasonable forecast and we could see oil at these levels? Full interview at: Falling Oil Prices Present a Great Opportunity - An Interview with Jim Rogers
Thank you very much.
My understanding is that Rogers is a close ally of George Soros.
He can go pound sand.
Iran knows this and needs high oil prices because of the sanctions.
If the world dictators want a weak US expect lower prices but Iran is the Wild Card.
If it’s over $80 now and could fall to $40, it sounds like “a great opportunity” to lose your shirt.
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