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Supply falls well short.
So if the overall supply falls (because America has suppressed cultivation in friendly areas), the price shoots up.
Often, demand and supply falls out of line with changes in the value of the assets the investment trust owns.
"As soon as global supply falls short of global demand, I'm sure we'll take a look at what we can do here in the U.S.," he said.
The EIA sees the excess global supply reaching 1m barrels a day this year, but falling to 200,000 in 2017 as consumption rises and supply falls.
Sovereign wealth funds, European banks and retirees around the world are all more desperate for safety and security.As the private demand for money-like assets rises but the private supply falls, what will bridge the gap?
Similar(45)
Its newly mined supply fell by 3%.
Global supply fell by 11% in 2012 to 203.6 tonnes, the lowest since 2002.
Demand soared, supply fell and two years later the government cut exports to Chile.
Britain has been gripped by growing worries about its future power supplies, with supply falling and prices rising.
America's broad-money growth slowed to 8.8% in the year to November; its narrow-money supply fell by 1.7%.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com