Rogers Says Oil Will Rise to $100 After `Correction’

Oil will resume its march toward $100 a barrel after a “correction,” said Jim Rogers, who predicted the start of the commodities rally in 1999.

“I’m just not smart enough to know how far down it will go and how long it will stay, but I do know that within the context of the bull market, oil will go over $100,” Rogers said in a Tokyo interview. “It will go over $150. Whether that is in 2009 or 2013, I don’t have a clue, but I know it’s going to happen.”
Bloomberg