Oilprice: Jim Rogers Interview - Falling Oil Prices 6 Jul 2012
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Falling Oil Prices Present a Great Opportunity - An
Interview with Jim Rogers
In the interview Jim talks about the following and much more:
• Why recent oil price falls
are a good buying opportunity
• Why oil prices could fall to $40 a barrel
• Investment opportunities with the renewable energy sector
• Why he is optimistic about Nuclear energy
• Why agriculture offers good opportunities to investors
• Why Myanmar is the best investment opportunity in the world right now
• Why there could be further unrest in the Middle East
• Why we should let Greece fail
Oilprice.com: The Middle East Petocracy’s, along with Venezuela and Russia must be nervously watching the price of oil. Can you see potential problems developing in these countries and other oil producing nations if prices continue to fall?
Jim Rogers: That's part of what I was saying before. The lower prices go for the fundamentals, the price of fundamentals improve, but for these countries the money they have available to buy peace is running out and there are going to be problems, because a lot of people have been lead to believe that the government can solve their problems and if the government runs out of money, it makes people upset.
Oilprice.com: Now are there any commodities you're particularly bullish on at this moment in time?
Jim Rogers: I'm more optimistic about agriculture than anything else, just because of the price. Most agriculture, I feel very depressed on the risk side basis. Sugar is 75% below where it was 38 years ago. There's not much in the world that's as depressed as agricultural current prices. So, I would say agriculture.
Oilprice.com: You’ve mentioned previously that the 21st century belongs to China. But China has some serious internal problems as its political stability depends heavily on rapid economic growth. We are also seeing increasing tensions between the wealthy coastal regions and the poor interior. My question is do you think the internal forces building up in China can be managed as China is held together by money not ideology?
Jim Rogers: What you just said about China's true of every country in the world, more so in places like America and Europe than in China. China does have internal problems. But their economy's much stronger than the western economies. You had riots in the streets in the U.K., what, last summer. Terrible instability, and there's going to be much more in the west. Greece, Spain, Portugal, these countries have staggering instability.
To read the interview in full CLICK HERE.
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