[bratticus]

In case you didn't notice the IMF stated:

$this->bbcode_second_pass_quote('', '[')b]Oil prices surge to fresh two and a half year highs
BBC / Apr 8, 2011

The International Monetary Fund (IMF) issued a warning that the disparity in demand and supply of oil is likely to push prices even higher.

"There is a risk that the tensions between demand and supply trends could intensify again and prices could rise rapidly," said Thomas Helbling an advisor to IMF's research department.

The IMF also warned that the markets are likely to face further scarcity in oil supplies.

"The increase in the trend component of oil prices suggest that the global oil market has entered a period of increased scarcity," the IMF said.

As concerns continue about a shortfall in supply, oil companies' efforts to add more supply sources are also being hampered.

"To make matters worse there are considerable constraints affecting the development of new oil supplies." said Rajiv Biswas of IHS global insight

[Fishman]

This in the face of the Saudi's pulling back because of "oversupply". Someone's lying.

[Lore]

I believe it's a matter of logistics and cost. It’s not an everywhere thing. Scarcity will show up first in countries unable to source their usual supplies and/or be able to pay the higher costs. Just like here, people are pulling up to the gas pump more often and putting less fuel in their tanks, not opting for an expenisve fill-up.

[bratticus]

$this->bbcode_second_pass_quote('Lore', 'S')carcity will show up first in countries unable to source their usual supplies and/or be able to pay the higher costs.