Oil at $100? Some predict just that

Jim Rogers, author of “Hot Commodities” and chairman of Beeland Interests Inc., says oil prices will reach $100 a barrel, possibly this year. Merrill Lynch & Co.’s Francisco Blanch says no way.

“Unless somebody discovers something very quickly and very accessibly, we’re all going to be dumbfounded at how high the price of oil will go, including me,” Rogers said.

A growing number of Wall Street traders are siding with Rogers.
Chicago Tribune