by RT News
Investor Jim Rogers has some sobering words on the future of the global economy. Even though the leading oil producers are working on price stabilisation, he warns another significant economic crash could be on the cards within a couple of years.
Oil prices spiked on Monday after Russia and Saudi Arabia agreed to work toward market stabilisation. The two countries are setting up a working group to help support prices, after the collapse in 2014.
RT: What can the two countries do to stabilise prices?
Jim Rogers: The Saudis have made it clear they don’t want to cut production and they are right, in my view. I am not Saudi Arabian so I can’t tell them what to do.