Oil prices will soar to well over $100 a barrel and stay high as part of a sustained commodities bull run that has another 15 years to run, U.S. investor Jim Rogers told Reuters in an interview.
Full piece here. Rogers, who is a former partner of George Soros, says that a bird flu pandemic is one thing that might bring down oil prices. “If bird flu should break out, everything will go down and oil would go down to $40,” says Rogers, “but I would still urge people to buy oil. It would go down less than other things and it would be the first to go back up.”
If bird flu should break out, you might also consider quarantining yourself. You can always buy and sell oil futures from the safety of your own hermetically-sealed clean room.