Jim Rogers: ‘Saudi Arabia Is Lying About Being Able To Increase Its Oil Production’

Rogers Interview on Commodities, Global Stocks, Feb. 28

“Saudi Arabia has been lying about the reserves for decades.

Saudi Arabia the last two times said they are going to increase production and they couldn’t increase production. Don’t fall for that.

The reason oil is going up is the world is running out of known reserves of oil.”

Feb. 28 (Bloomberg) — Jim Rogers, chairman of Rogers Holdings, talks about his investment strategy for global stocks and commodities. Gold advanced, approaching a record, as tensions in the Middle East boosted oil prices, increasing demand for precious metals as a protector of wealth and hedge against inflation. Rogers also discusses his strategy for the U.S. dollar. He speaks in Hong Kong with Rishaad Salamat on Bloomberg Television’s “On the Move Asia.”

Source: Bloomberg




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