Jim Rogers outlook for Crude Oil in 2012

Jim Rogers : The surprise would be how high the price in crude stays and how high it eventually goes. We are running out of known reserves of crude oil around the world unfortunately and there is nothing to replace it yet. Maybe some day there will be things that could replace it. I own crude, I am not selling any commodities. Certainly not crude. Because we are running out of known reserves and if we have a war, because America is dying to go on a war with Iran, and something like that happens, who knows how high the price of crude may go? - in ET Now