May 5, 2011

Why Is Oil Going Up? Because There Is No Oil.

Where is the oil? I still want to know where is the oil? You know why the price of oil is going up? Because there is no oil.

Related: United States Oil Fund (USO), iPath S&P GSCI Crude Oil Total Return (OIL), Exxon Mobil (XOM), Marathon Oil (MRO), Murphy Oil (MUR), ConocoPhillips (COP), Repsol (REP), Chevron (CHV), CL Futures

Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.