Peak oil is real said Marc Faber to Bloomberg

The oil prices will continue to rally despite the depression
is it speculation peak oil or something else that pushes the oil prices to sky rocket again ? some experts predict 80 to 90 dollars a barrel before the end of the year , peak oil is a reality said Marc Faber because the reserves are in decline , but what it is more scary is not the peak oil but the peak demand...Marc Faber was interrogated today among a panel of other experts by Bloomberg about the oil prices continuing to soar despite the economy is still not out of the tunnel , this is not probably a sign that the economy is picking up again it simply reflects the weakness of the dollar and the fact that countries with huge dollar reserves are trying to dump those dollars in the market purchasing commodities and oil in particular before the dollar crashes under the weight of the trillions that have been printed out of thin air lately by the FED ....so it is not the economy that is picking or the peak oil scenario it is simply the fact that countries are trying to get out of the dollar bill