Expect oil at $150 in a decade, Soros colleague warns

Speaking at the Hedge Funds World Global Opportunities 2005 conference, Rogers was negative on chances of the oil price being forced down in the near future.

"The question on oil will be how high the price goes and stays, because there may be vast amounts of oil in the world but no one has discovered a great oilfield in over 35 years.

"The Alaskan and Mexican fields are in decline, and while the North Sea has made the UK one of the great oil exporters in the last 20 years, within the decade

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