I think you are right apache. How much of the recent spike in prices is die to demand? Not a lot I think. Speculation in these blasted oil futures has been setting the price trend and caused most of it. Demand has been falling in the western world- summer is upon us and nobody is refilling their heating tanks at this price. Something has been causing such a rocket in price, and it is financial machinations. But it cannot be maintained. The price trend will continue down- I still think $80 will be achieved this year. One can only be grateful that Gordon Brown, showing his real financial ineptitude, has not refilled Britain's strategic reserve at $150/barrel following his real 'coup' selling most of Britain's gold reserves at $160/oz at a complete price minimum!