Take a look  at  Bernanke's latest statement: especially about how the LPG didn't arrive ... http://www.federalreserve.gov/boarddocs/speeches/2006/200606152/default.htm

Overall he seems to be trying to warn the US that  there's trouble ahead ...

Bernanke's piece is pretty good thumbnail sketch except he does not say the P-word. Surely TPTB must know what is going on?
Oops - I meant LNG not LPG!