"We continue to believe the markets are fundamentally overvalued and technically overbought, but it is the simple flow of buying that has propelled the market to these heights despite the lack of physical shortage..."
(Tim Evans, an energy analyst at IFR Energy services in a report, in reference to the current high crude oil trading prices)
See more industry/OPEC viewpoints at http://www.platts.com/Oil/Resources/Quote%20of%20the%20Day/