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Jim Rogers: $200 oil is coming soon

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From Investment Postcards from Cape Town:

The price of oil could surge above $200 a barrel, more than doubling from present levels, according to Jim Rogers. As concerns about oil reserves running out heighten, he believes we will see another dramatic rise in price.

"Maybe there is a lot of oil in the world. But if there is, we don't know where it is or how to get to it," he says...

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More from Jim Rogers:

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Jim Rogers: Silver is one of the few safe refuges left

Jim Rogers: Paul Krugman is an idiot... Obama barely knows anything about the world

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