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“The current uh the current energy crisis is equal to about 20 million barrels of oil per day. Looking at that from historic perspective, uh the Iranian revolution in 78 was only 5 million.”
“But on top of that, we've got the biggest energy crisis in the history of the world unfolding.”
“Silver demand is widely expected to increase massively due to oil and gas shortages. Energy has to come from somewhere.”
“the disruption to all uh oil and gas supplies potentially pushing customers toward technologies like solar and batteries.”
“And if you take 15 to 20% of the world's crude supply offline day after day after day after day, you eventually will get an energy crisis because something as small as a 5% disruption in supply for something that has inelastic demand can generate just awful outcomes over a couple of weeks.”