Jim Rogers, the famous Indiana Jones investor said today that Oil Reserves are dropping 7% a year. These drop in reserves will cause serious supply problems in the near future. Jim Rogers concludes "Oil will make a big comeback" on his Investment Outlook for 2009.
Today Oil Futures is rebounding from a 4 year low. We are in a true selling climax. Will this be a once in a liftime buying opportunity?
More on Oil on the Oil Traders Blog.
Marc Faber said today that he is buying Oil, Silver and Gold.