As per a notice from Lloyds List notice April 19,2010

The number of very large crude carriers shipping oil from the Middle East to the US Gulf each month has been slashed by more than half this year, due to rising US oil production and greater volumns of natural gas liquids taking market share away from crude production in the Middle East.

So boys we have a surplus of oil and its the Fing speculators that are strangling us with high oil and gas prices.

How is it this information is not in the newspapers or TV news?