US Consumer Deflation results in BIG SILVER RALLY'S, page-153

If there is a shortage of OIL, prices will sky rocket, and world oil production growth for the last decade has be sourced from US Shale and not the middle east. However PEAK OIL production is near, and price has yet to reflect the coming shortages of cheap oil supply. (NOTE: There is plenty of OIL in the earth, just not at a low production per barrel level which the world have been enjoying for many decades).

Gold and silver follow oil

https://blog.gorozen.com/blog/the-permian-basin

The most crucial development in global oil markets is depletion in the Permian basin. We first warned about this in 2018, predicting the Permian would peak in 2025. In retrospect, our analysis was too conservative. We now believe the basin could peak within the next twelve months. The implications will be as profound as when United States oil production peaked in 1970, starting a chain of events ultimately sending prices up five-fold over ten years. If we are correct, this could not come at a worse time for oil markets: inventories are tight, production in the rest of the world is declining, and investors are incredibly complacent.