Jim Rogers Outlook for Oil for 2012

Jim Rogers : well, first of all, the economy is adjusting more and more and more. when oil ten years ago if you had oil was 100, everybody would have passed out and gone home, but now we have adjusted, oil has been over 100 for three or four years, people are adjusting, but it's going to continue to go higher, it's going to have an effect, but remember, some people will suffer, but the people who produce oil will boom as the price of oil goes higher. the people who produce coal the people who produce uranium, a lot of people boom when oil prices go higher. - in CNBC 06 Dec 2011
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