Watching the silver price slowly fall back to $6 over the next decade will be even worse.
From a TA point of view, $10 looks like a very strong support and potential bounce. But, r0ach is always talking about costs of production and oil as the main factor. Oil price is gonna dump really hard over the next couple of decades. As much as electrical cars increase their market share the more affected will be the demand of oil. Main demand right now is coming from cars all over the world. Another interesting side effect is that long distance flights will become even cheaper.
I'm sorry.
Where do you think all this electricity is going to come from?
While there will certainly be plenty of volatility in the energy sector, even "dumps", broadly speaking oil will never, ever, be cheaper in real terms.
Even serious industry paid annalists acknowledge that we are past peak EROI, and there is simply no replacement for the energy density of fossil fuels.