I find it embarrassing that they did it, and I find it embarrassing that the press even reported it. The world uses 86 million barrels of oil every day. So releasing 60 million barrels of oil is, what, two-thirds of a day of consumption? I kept thinking: This must be a typo! - in Index Universe
Tickers: United States Oil Fund (USO), Exxon Mobil (XOM), Marathon Oil (MRO), Conoco Phillips (COP), iPath S&P GSCI Crude Oil Total Return (NYSE:OIL), Petroleo Brasileiro SA (ADR) (NYSE:PBR), BP plc (ADR) (NYSE:BP), BP plc (LON:BP)
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.
