Jim Rogers on oil and trading

the worlds known reserves of oil are in decline.
we will certainly have dips, we will certainly have consolidations. i hope we do.
if oil goes into a spike, if it goes parabolic, then that’s the end, then you have to sell it.
every parabolic move in history, no matter what it is, if its stocks, or its shipping, or its commodities, ends badly.
so i hope we do have continued dips going forward.
i do know, the world is running out of known reserves of oil.

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