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Suncor Energy Inc. Message Board

  • b_c123123 b_c123123 Nov 2, 2005 9:33 PM Flag

    Ben Stein and Jim Rogers

    Did anyone else see this? I thought this was well put.

    Ben Stein: I think we will see lower energy prices, but just for a little while. I think we are in a bear phase of a gigantic bull market for energy commodities. If you could see a chart of far eastern demand for coal, oil and other energy commodities, it would stun you. It�s like parabolic straight up growth, and I think this tells the tale for the next couple of decades.

    Jim Rogers: There�s no question that supply and demand are out of balance. There�s been no major oil discovery anywhere in the world for over 35 years. All the oil fields are in decline, so the price of oil is going to go a lot higher; the price of gasoline is going to go a lot higher. We are having a normal correction right now; prices don�t go straight up, but over the long term, gasoline prices are going to $3, $4, or $5 a gallon.

 
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