The Jim Rogers Commodity Fund thinks oil is going to go sky high. There have been no new major oil discoveries in the past 40 years. The oil is running out of known reserves at 6% per year. Even if they are wrong and it is only 4% per year, we will be completely out of oil in 25 years.
The Jim Rogers Commodity Fund says that there is a short term glut of naturual gas, and people are going to have to use other forms of energy. Natural gas is down and oil is up, so natural gas would be a great place to invest right now.
Oil is going to go so high in the next few decades that you won’t believe it. But do the arithmetic. In 10 years there will be very little oil left. We are going to be in a bad bind and prices are going to go high. If oil goes to $200, people will find new oil. They will drill on the white house lawn if they have to.
You should start by looking at natural gas. Uranium has also been pounded down recently for obvious reasons, but that is another place that is very depressed. The Jim Rogers Commodity Fund maintains that we are going to have to have nuclear power whether we want to or not.
