[rodguy911]

Absolutely correct.

Anytime there is an imbalance in any market, no matter what it is, if there is more demand than supply prices rise. More supply than demand prices fall.Pretty simple.

Right now the world is short about a million and a half barrels of crude per day.

As long as that lasts prices will rise.

[etcb]

Arguing economics is almost as perilous as arguing religion however, there is one thing that bothers me. If there is a one and one half million barrels per day shortage, how is all of the worldwide demand being met. If there is an actual physical shortage, should not there first be shortage at the consumer end before the resulting price increase?