Jim Rogers: Known Reserves of Oil are in Decline, and Continue to Decline

"It is the time to buy commodities again. I would say to you and you can write it down… commodities are going to do better than stocks in the future.

I have learned not to pay too much attention to OPEC… I think oil has been down ten days in a row which is one of the few times in history that that’s ever happened. Oil is making a complicated bottom. 

We are going to look back one day and say ‘2015, ’16, ’17, ’18, ’19, oil made its bottom, and then oil is going to go up again. Known reserves of oil are in decline, and continue to decline, except for fracking, but that bubble has popped, so be careful. Don’t sell your oil.”

- Source, Jim Rogers