Oil prices hit bottom a few months ago and now they are going up again because low prices bring high prices. Producers cut production, others go bankrupt and people consume more so prices go back up. Prices will be much higher in 2 or 3 years. (United States Oil Fund LP ETF (USO), Energy Select Sector SPDR ETF (XLE), Nymex Crude Oil futures, Exxon Mobil (XOM), Marathon Oil (MRO))
Jim Rogers is a legendary investor that co-founded the Quantum Fund and retired at age thirty-seven. He is the author of several investing books and also a renowned financial commentator worldwide famous for his contrarian views on financial markets.