Jim Rogers: Oil Prices

"Well, the price of oil has to go much higher over the course of the next decade, the IEA has come out with a definitive study that oil reserves are declining at a rate of 6% a year, well it doesn`t take much genious to figure out that in a few years there not to be any oil, unless something happens, so the price of oil has to go much higher over the next decade or so. Whether it is going to go higher this year, I don`t have a clue, but I do know that over the next few years is going to go much, much higher." Jim Rogers on the Russian Forum 2009, February 6.