The price of oil may well go down for a while. China is slowing down, India is slowing down, a lot of places are slowing down. But over a decade the price of oil is going to go through the roof. The surprise is going to be how high the price of oil stays and how high it goes.
That doesn’t mean it cannot go to $70 in the meantime. But if it does, you should buy a lot of oil. - in CNBC
Related: United States Oil Fund ETF (USO), Exxon Mobil (XOM), Conoco Phillips (COP), Marathon Oil (MRO)
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.