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<p>[QUOTE=&quot;jolumoga, post: 1840851, member: 41780&quot;]This is an excellent point and one I have thought about myself when thinking about peak oil.&nbsp; I <i>hope</i> the optimists like Ray Kurzweil are correct in their optimism about our transition to more efficient forms of energy.&nbsp; The problem seems to be that we are still very dependent on oil, and though we are increasingly using other forms of energy, it&#039;s not clear that we are transitioning fast enough to avoid another oil shock as in 2008.&nbsp; I believe there are massive oil reserves that remain untapped, but I&#039;m not so sure the resources and time are available to allow them to flatten the rising oil price any time soon.&nbsp; So, I admit I am influenced by Chris Martenson.</p><p>&nbsp;</p><p>Going back to my previous comments, the link to the Federal Reserve website wasn&#039;t really necessary.&nbsp; Justafarmer&#039;s own data point to a very close relationship between the price of oil and that of silver over the long run.[/QUOTE]</p><p><br /></p>

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