Oil will soar to well over $100, stay high: Rogers

LONDON (Reuters) – Oil prices will soar to well over $100 a barrel and stay high as part of a sustained commodities bull run that has another 15 years to run, U.S. celebrity investor Jim Rogers told Reuters in an interview.

One factor that could bring down the price would be a bird flu epidemic, which would send all asset classes plummeting, he said, although oil would probably fall less than other markets.

“We’re going to have high oil prices for a very long time. The surprise is going to be how high it goes,” Rogers said.

Reiterating earlier comment oil prices would hit at least $100 a barrel, he said: “It will be much more than $100 before the bull market is over.”

Reuters