Jim Rogers on Why Oil and Gold Are Headed "Much Higher"
Legendary commodity investor Jim Rogers sees some serious problems stemming from the situation in Syria and the end of the Fed's generous flow of money.
In an interview with Reuters on Tuesday, Rogers said "oil and gold will go much, much higher" due to a "market panic."
"I own oil, I own gold, I own things like that and if there is going to be a war, and it sounds like America is desperate to have a war, they're going to go much, much higher," Rogers said. "Stocks are going to go down, some of the markets that I'm sure are already going down, commodities are going to go up. I'm not particularly keen on war, I assure you, but it sounds like they want it."
Rogers continued, "No matter how well the plans are made, strange things happen in war and who knows what unintended consequence will come."
Equities have been hit hard over worries of a war with Syria. The rout started late Monday following comments from U.S. Secretary of State John Kerry that the United States has a moral obligation to act on Syria's chemical weapon attacks. Selling picked up steam Tuesday with the Dow plunging 170 points.Read More...
- 2013 Oil Prices: Where We Go From Here You can tell a lot about crude oil prices by studying one key pattern - a pattern that has abruptly reversed of late. The reasons for the sudden change could have a profound impact on energy investors...Read More...
These Fracking Trucks Reveal Energy's Most Underreported Boom
Now that the rig market for oil and gas projects is heating up again, it's time to invest where energy's big-money cycle actually begins.
After all, without a rig, a well is nothing more than a dot on a map.
That's why the oil field service (OFS) business always improves before the fortunes of field production companies.
But there's an even earlier link in this profit chain...
It's a smaller industry, and may not get much coverage. But the OFS business wouldn't exist without it... and neither would the all of those oil wells.
That's why the company we'll look at today is one of my favorite oil and gas plays.
First, take a look at these pumping trucks... Read More...
How to Invest in the Companies That Keep the Oil Boom Humming
Don't look now, but the rig market for oil and gas projects is heating up again.
After suffering through a period when rigs were being "retired" from the field, the pendulum is swinging back again. Rigs are suddenly in high demand -- and hold the secret to how to invest in the growing U.S. shale oil boom.Read More...
How to Invest in Oil as Pipelines Release Trapped Profits
The story of how to invest in oil in the U.S. is changing thanks to a new development...
Before now, much of the increased oil production (U.S. output at a 17-year high) from the Bakken in North Dakota and the Eagle Ford and Permian Basin in Texas never reached the marketplace. It simply piled up in storage facilities at the main U.S. oil hub in Cushing, OK.
The huge inventory of oil at Cushing was the main culprit behind domestic WTI (West Texas Intermediate) crude oil selling at a discount to the global benchmark, Brent crude oil.
But, as pointed out by Money Morning Global Energy Specialist Dr. Kent Moors, that is all beginning to change.
Already the spread between WTI and Brent has narrowed dramatically from about $20 a barrel in February to less than $3 a barrel today.
The reason for the change is the amount of pipeline infrastructure being added to move oil from the Cushing choke point to refineries on the Gulf Coast.Read More...
The Shale Oil Boom is Going Global (Starting With This Huge Deal in Argentina)
The U.S. and Canada dominate the shale oil boom, but that’s about to change. Dr. Kent Moors details where these other big shale oil reserves reside.
Is the U.S. Oil Boom Out of Balance?
The U.S. oil boom illustrates how energy costs can actually rise as the volume of crude surges. Money Morning's Dr. Kent Moors explains.
Read More... Read More...
What's Behind July's 9% Rise in Crude Oil Prices
U.S. crude oil prices finished the month of July on a very positive note. Front-month futures ended July at just above $105 a barrel.
That put those futures up about 9% for July, the largest one-month gain for crude oil in 11 months.Read More...
Another Shoe Has Dropped… and It's a Big One
I wasn't more than 30 minutes outside of D.C. the other night before my cell phone started ringing.
The calls involved breaking new developments overseas that promise to have a big impact on the global energy markets.
The Next Best Investments in Oil Come From This Texas Sweet Spot
As I wrote up this analysis of the best investments in oil, a familiar saying came to mind: "Everything old is new again."
A truer statement could not be said about the Permian Basin, which is a geological formation roughly 300 miles long and 250 miles across that stretches across west Texas and eastern New Mexico.Read More...
It's Time to Climb Aboard the Oil-by-Rail Boom
Rail transit is about to make you some big money...in oil.
That's why I'll be headed to Dallas in late August and Calgary mid-September for extensive meetings with all of the key players.
I can promise you, that in a hurry this is going to get a lot bigger.
As it happens, I'll be providing all of the details for average investors to profit from this monumental change.
- Are Higher Oil Prices in 2013 About to Set Off an Inflationary Spiral? With higher oil prices now, does that mean looming inflation? Here’s how this situation is different than before, and how it will affect your money. Read More... Read More...
A Big Time Squeeze for Refineries is About to Begin
After banking some very hefty profits for Energy Advantage and Energy Inner Circle subscribers on refining stocks earlier this year, the entire sector now is about to land "between a rock and a hard place."
Once a high-flying place for investors to earn substantial profits, refiners have been under pressure for the last two months. But that's actually just the beginning of what's to come.Read More...
Why "Deleveraging Markets" Will Drive Up Oil Prices
I’m set to appear on Fox Business Network this afternoon (at about 2:50 Eastern) to deliver this revelation, but you heard it here first.
Recently, I have been suggesting a narrow trading band for both West Texas Intermediate (WTI) and Brent crude in London. They’re trading today at about $96.00 and $103.00, respectively.Read More...
Is Egypt Affecting Oil Prices?
With 'black gold on the rise, is it solely Egypt affecting oil prices, or is there another factor at play?
Oil prices hit a nine-month high this week as the "next Arab Spring" erupted in Egypt. Money Morning Global Energy Strategist joined FOX Business to answer: "Why does this have an impact on oil prices? Is it because Egypt's near oil transport regions?"Read More...