They might need to amend that peak cheap oil part a bit...
Oh, its probably still applicable long term, but yeah, I am not a big believer in "peak oil" as a disaster scenario. Silver is going to go way down in the short term too as the industrial demand wanes.. We will obviously have enough oil as the world GDP falls and tanks. The fundamentals driving the decline do not rely on fuel prices.. its Peak Money Printing they need to worry about.. As the QE becomes less and less effective, it will drive up all prices ( including oil) in dollar terms, temporary price gluts for political economic attacks on Russia not withstanding.
