March 1, 2011:
"Bernanke said the rise in oil and global commodities prices was due to stronger demand."
Bernanke Blames Increased Oil Prices Solely on Demand, Not the Weakening Dollar
April 17, 2011:
(Reuters) - Saudi Arabia Oil Minister Ali al-Naimi said on Sunday the world oil market was oversupplied and that the kingdom had reduced production in March due to weak crude demand.
Five Dollar a Gallon Gas by Summer?