To me this all adds up to the old technique of cornering the market.
A note to add to this, in the period July to August 2009 Chinese oil
consumption rose by more than one million barrels a day.

As the world seems to have a production buffer of about 4 MBD at
present, at the present rate how long before July 2008 repeats itself ?

If another scramble for oil occurs whose subsidiary company buyers
will be told to hold off while the Head Offices get their orders in ?

China seems to be one of the two or three governments that are aware
of peak oil.

Kevin and Malcolm are you listening ? Hello Hello
Silence was the noble reply !