In my view, oil is making a complicated bottom. If we have some kind of panic, who knows how low oil or anything else can go? You know as well as I do that you have hysteria or a panic, things go to crazy prices. But oil, other than the panic, is making a complicated bottom. Capacity is coming out of oil especially in America. We are seeing the bottom for oil.
Jim Rogers is a smart investor who co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.