Looks like Governments aint too sure either, the recent hike in oil prices is down to them beefing up on strategic reserves.
http://news.bbc.co.uk/1/hi/business/3707079.stm
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There are other, more subtle factors at play.
Nowhere near all of the apparently increased demand is connected with increased consumption.
Instead, it seems that major buyers - especially governments - are stocking up on oil, possibly to guard against any disruptions to supply.
The US strategic petroleum reserve has been a particularly active buyer, and governments such as China and India have followed suit.
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