RE:recession vs. low oil supply vs. price manipulationWe now live in a world of MMT. It is quite possible all those PhDs at the various central banks have found a way to manipulate the markets. This is not to mention all the AI out there too with the trend followers. Money is now digital and to extent just a belief system so it is bendable.
I can't help but think though that the oil market is one market that would be very hard to rig long term. The only way to deal with the price spike last year was to release a lot of actual real world oil from the SPR. The world needs 100 million barrels of actual oil every day. It’s non-negotiable.
Obviously using the SPR worked and supplies have matched or exceeded demand in the last 9 months and oil has slowly sold off.
Now they say we are on the edge of looming deficits in the oil markets or continuing decline due to recession.
Watch the inventories. If I see inventories falling like the SPR last year and the price of oil falling too then I would say there must some voodoo happening and I am truly a clueless fool. (lol) (i hope not)