The biggest driver of this is IMHO, reflected in the one liner...

The biggest driver of this is IMHO, reflected in the one liner from Dines (thanks Dhuy for the link - I listened to these immortal words a couple of times since, they truly are history making, despite the fact that everyone knows it was coming just not when) - i.e. that the Saudis 'could not' (not would not) pump any more oil - hence suddenly the world (the US in particular) has to wake up and act. Hence, it doesn't matter what the price of U is today or this week, but it is important to lock in stocks and control the inventory as soon as they can, because a massive shift is about to occur in energy dependence across the globe. Anyone with a bucket full of the stuff is going to be a millionaire over night - everyone else will be scambling to buy it.