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Just my opinion but with China now cutting their subsidizing the price of gas to their people, it was estimated that the cost to their citizens would rise 18%. This should cause a cutback on their usage which if other countries that subsidize follow suit ( i think they will), this should further reduce the demand. With our usage down 4-6% over the current period, my guess is there are a few loaded tankers sitting around loaded with oil and no place to unload. These tankers are leased for several hundred thousand $$$/day.... throw in Saudi's increase in production and we may have a break coming this winter.
Just My thoughts.
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