Oh, and let's not forget gulp, gulp, gulp!
http://www.zerohedge.com/news/guess-what-else-china-hoardingHmm, global depression is still all the rage, bad news out of Europe spilling out everyday, poor economic numbers in America, Asia not faring much better...bottome line global oil demand is down, so...either the ChiCom's-
a) Are admiting their domestic production is declining
b) Are preparing to invade someone
c) Are worried someone will invade them
d) Are worried the world supplies will be disrupted (Iran?)
e) Are intentionally instituting a planned haording strategy in light of any or all the above
I'll go all-in on "e"!