Wednesday, January 29, 2014

Natural gas better value for money right now than oil

If I had to buy something in the energy sector, I would buy natural gas, not oil, because natural gas is down so much. It has been very strong over the last month or so, be careful. If it undergoes proper correction and if I had to buy energy, I would buy natural gas, not oil.

The surprise will be how high the price of energy stays and how high it eventually goes, because we are running out of known reserves of energy, oil and gas all over the world. Yes, we have these pockets that pop up every once in a while, like shale oil at the moment, but known reserves worldwide continue to decline.

Jim Rogers is a investor who co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.