Jim Rogers on oilI was just listening to Jim Rogers...he said no new off shore drilling rig has been built since 1981 or an off shore service rig since 1981. No major oil field discovery in over 40 years (elephant field).
We are in a bull market for commodities and oil is an in demand commodity. Oil refineries are in short supply. We need those permits. The need for the refinery is obvious...but of course most of you know this already...just wanted to share Jim Roger's comments.